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Despereaux Associates (DES) stock is selling at $53 per share. Your margin account currently has available cash of $15,000 and the initial margin requirement is

Despereaux Associates (DES) stock is selling at $53 per share. Your margin account currently has available cash of $15,000 and the initial margin requirement is 62%. Using your margin account, what is the maximum number of DES shares you can buy? Assume you can buy fractional shares.

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