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Olga needed $10,000 to make a down payment on her house. She instructed her broker to sell some stock to raise the $10,000. Olgas cost
Olga needed $10,000 to make a down payment on her house. She instructed her broker to sell some stock to raise the $10,000. Olgas cost of the stock was $3,000. Based on her brokers advice, instead of selling the stock, she borrowed the $10,000 using the stock as collateral for the debt.
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