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You are bullish on ZLT stocks. You have purchased 500 shares on margin from your broker. The current stock price is $40 per share. What

You are bullish on ZLT stocks. You have purchased 500 shares on margin from your broker. The current stock price is $40 per share. What is the amount that you have borrowed from your broker? Assume that the initial margin is 60%.
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3. You are bullish on ZLT stocks. You have purchased 500 shares on margin from your broker. The current stock price is $40 per share. What is the amount that you have borrowed from your broker? Assume that the initial margin is 60%. * a. $20,000 b. $12,000 c. $8,000 O d. $15,000 O e. None of the above

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