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I have the answer as $40 but I want to know how to get to that answer. Thank you! The correct answer is shown. You
I have the answer as $40 but I want to know how to get to that answer. Thank you!
The correct answer is shown. You purchase 2,000 shares of Microsoft stock at $60 per share. You put up $60,000 and borrow the rest. If your maintenance margin is 25%, you would receive a margin call if the price fell below $40Step by Step Solution
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