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erry has borrowed $40,000 on margin to buy shares in IBM, which are now selling at $20 per share. If the initial margin is 50%,

erry has borrowed $40,000 on margin to buy shares in IBM, which are now selling at $20 per share. If the initial margin is 50%, how many IBM shares has Jerry purchased?

a.
1,000 shares.

b.
2,000 shares.

c.
3,000 shares.

d.
4,000 shares.

e.
None of the above.

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Previous Question Next Question

	a.	1,000 shares.
	b.	2,000 shares.
	c.	3,000 shares.
	d.	4,000 shares.
	e.	None of the above.

Question

erry has borrowed $40,000 on margin to buy shares in IBM, which are now selling at $20 per share. If the initial margin is 50%,

erry has borrowed $40,000 on margin to buy shares in IBM, which are now selling at $20 per share. If the initial margin is 50%, how many IBM shares has Jerry purchased? a. 1,000 shares. b. 2,000 shares. c. 3,000 shares. d. 4,000 shares. e. None of the above.

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Step: 2

Step: 3

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erry has borrowed $40,000 on margin to buy shares in IBM, which are now selling at $20 per share. If the initial margin is 50%, how many IBM shares has Jerry purchased?

a.
1,000 shares.

b.
2,000 shares.

c.
3,000 shares.

d.
4,000 shares.

e.
None of the above.