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Assume you purchased 200 shares of GE common stock on margin at $70 per share from your broker. If the initial margin is 45%, how

Assume you purchased 200 shares of GE common stock on margin at $70 per share from your broker. If the initial margin is 45%, how much did you borrow from the broker?

a.$7000

b.$6000

c.$4000

d.$7700

e.$6300

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