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Kale Corporation stock is selling for $ 1 5 a share. You would like to purchase as many shares of this stock as you can.

Kale Corporation stock is selling for $15 a share. You would like to purchase as many shares of this stock as you can. Your margin account currently has available cash of $9,000 and the initial margin requirement is 75%. What is the maximum number of shares you can buy?
Multiple Choice
500 shares
700 shares
750 shares
800 shares
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