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Suppose that you are bullish on Samsung Stocks. You buy 142 shares at the current stock price of $118/share. To afford your purchase, you have

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Suppose that you are bullish on Samsung Stocks. You buy 142 shares at the current stock price of $118/share. To afford your purchase, you have borrowed $7,800 from your broker at 6% interest rate. 1. How much you need to put up in order to do the transaction? a. $9,580 b. $8,956 C. $7,800 d. $16,756 e. None of the above

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