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The price of Facebook stock is currently at $30 and you decide to buy 190 shares on margin. You borrow $3,000 from your broker and

The price of Facebook stock is currently at $30 and you decide to buy 190 shares on margin. You borrow $3,000 from your broker and finance the remainder of the purchase with your own cash.

Attempt 1/1 for 10 pts.

Part 1

What is your initial percentage margin?

3+ Decimals

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