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Suppose you initially have $10,000 in your account. You decide to borrow $5,000 from your broker to buy 400 shares of stock ABC, with a
Suppose you initially have $10,000 in your account. You decide to borrow $5,000 from your broker to buy 400 shares of stock ABC, with a price of $20 per share. What's your initial margin rate? A. 50% B. 62.5% C. 80% D. 87.5% E. 125%
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