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William purchased 1000 shares of stock at a price of$32 a share. He utilized his50% margin account to make the purchase. What isWilliam's initial equity

William purchased 1000 shares of stock at a price of$32 a share. He utilized his50% margin account to make the purchase. What isWilliam's initial equity in thisinvestment?

A. $32,000

B. $48,000

C. $16,000

D. $16,000

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