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Interest rates are so low that your broker convinces you to buy a stock (GRBG) using a margin account at zero interest cost. The margin
Interest rates are so low that your broker convinces you to buy a stock (GRBG) using a margin account at zero interest cost. The margin requirement is 50% and you buy 500 shares of GRBG at the price of US$800 a share. GRBG does not pay dividends. One year later the stock price rises to $1,000. Please mark the only FALSE statement about buying on margin
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Probability For Risk Management
Authors: Matthew J. Hassett, Donald G. Stewart
2nd Edition
156698548X, 978-1566985482
