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Question 14 Assume you purchased 200 shares of GE common stock on margin at $70 per share from your broker. If the initial margin is

Question 14

  1. Assume you purchased 200 shares of GE common stock on margin at $70 per share from your broker. If the initial margin is 50%, how much did you borrow from the broker?

    $5,000

    $4,000

    $6,000

    $7,000

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