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Barbara buys 90 shares of DEM at $27.00 a share and 170 shares of GOP at $43.00 a share. She buys on margin and the
Barbara buys 90 shares of DEM at $27.00 a share and 170 shares of GOP at $43.00 a share. She buys on margin and the broker charges interest of 12 percent on the loan. If the margin requirement is 45 percent, what is the maximum amount she can borrow? Round your answer to the nearest cent
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Corporate Valuation A Guide For Managers And Investors
Authors: Phillip R. Daves, Michael C. Ehrhardt, Ron E. Shrieves
1st Edition
0324274289, 978-0324274288
