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You have $14,000 to invest. If you want to make a margin purchase on a stock with a 75% initial margin, how much of the

  1. You have $14,000 to invest. If you want to make a margin purchase on a stock with a 75% initial margin, how much of the stock can you purchase?
    1. $19,316
    2. $17,840
    3. $22,125
    4. $18,667

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