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Taylor Industries stock is selling for $27 a share. You would like to purchase as many shares of this stock as you can. Your margin
Taylor Industries stock is selling for $27 a share. You would like to purchase as many shares of this stock as you can. Your margin account currently has available cash of $4,511 and the initial margin requirement is 62%. What is the maximum number of shares you can buy?
(Enter your answer as a number rounded to 2 decimal places.)
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