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Question 11 1.1 pts Assume you purchased 500 shares of XYZ common stock at $40 per share on margin. The initial margin is 60%. If

Question 11 1.1 pts Assume you purchased 500 shares of XYZ common stock at $40 per share on margin. The initial margin is 60%. If the price increases to $50, what is the new margin? Ignore interest on the loan. 63.6% 68.0% 65.5% 62.196

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