Question
Angel bought $4,767 worth of stock on margin and borrowed $1,691 from his broker. What is the percentage margin in Angel's account? Express your answer
Angel bought $4,767 worth of stock on margin and borrowed $1,691 from his broker. What is the percentage margin in Angel's account? Express your answer as a decimal with four digits after the decimal point (e.g., 0.1234, not 12.34%).
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Investments An Introduction
Authors: Herbert B. Mayo
13th Edition
0357127951, 978-0357127957
