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You have $12,000 and you plan to buy as many shares as possible of XYZ Inc, shares at $60 per share. The initial margin is

You have $12,000 and you plan to buy as many shares as possible of XYZ Inc, shares at $60 per share. The initial margin is 50%. How much do you need to borrow if you desire to buy a maximum number of shares?

A.
$5,000

B.
$8,000

C.
$12,000

D.
$15,000

E.
$20,000

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