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You bought 100 shares of stock JKL on a margin of 10 per share through your broker. If the initial margin is 60%, how much

You bought 100 shares of stock JKL on a margin of 10 per share through your broker. If the initial margin is 60%, how much did you borrow from the broker?

Select one:

a. $400.

b. $500.

c. $600.

d. $0.

e. $1000.

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