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1 points QUESTION 16 1. Ann just purchased $8,000 of stock. She paid $7,000 in cash and borrowed the remaining $1,000 needed to pay for

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1 points QUESTION 16 1. Ann just purchased $8,000 of stock. She paid $7,000 in cash and borrowed the remaining $1,000 needed to pay for this purchase. If you constructed a balance sheet reflecting this transaction, the total assets would be: 1.$6,000. 2. $15,000 3.$3,000. 4.$10,000. S. $8,000. 1 points QUESTION 17 1. You purchased 800 shares of stock for $49.20 a share. The initial margin requirement is 65 percent and the maintenance margin is 35 percent. What is the lowest the stock price can go before you receive a margin call? 1. $17.22 2. $26.49 3.59.27 4.$14.54 5.521.88

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