You deposit $10,000 into an account and purchase 600 shares of stock at a price of $29 per share on margin. What is your initial margin?
A) 46%
B) 65%
C) 57%
D) 50%
E) 43%

Question

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The Answer of You deposit $10,000 into an account and purchase 600 shares of stock at a price of $29 per share on margin. What is your initial margin?
A) 46%
B) 65%
C) 57%
D) 50%
E) 43%

You Deposit $10,000 into an Account and Purchase 600 Shares