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Assume you purchased 500 shares of XYZ common stock on margin at $70 per share from your broker. If the initial margin is 70%, the
Assume you purchased 500 shares of XYZ common stock on margin at $70 per share from your broker. If the initial margin is 70%, the amount you borrowed from the broker is _________.
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Risk Management And Financial Institutions
Authors: John C. Hull
3rd Edition
1118269039, 9781118269039
