Question
Assume you purchased 700 shares of XYZ common stock on margin at $80 per share from your broker. If the initial margin is 55%, the
| Assume you purchased 700 shares of XYZ common stock on margin at $80 per share from your broker. If the initial margin is 55%, the amount you borrowed from the broker is _________. |
A$56,000
B$81,200
C$30,800
D$25,200
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The Economics Of Money Banking And Finance
Authors: Peter Howells, Keith Bain
4th Edition
0273710397, 978-0273710394
