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Assume you purchased 5 0 0 shares of x Y Z common stock on margin at $ 4 0 per share. If the initial margin

Assume you purchased

500

shares of

x Y Z

common stock on margin at $

40

per share. If the initial margin is

60 %,

your equity is

.

8, 000

.

20, 000

.

12, 000

.

15, 000

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