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You purchased 500 shares of ABC common stock on margin at $75 per share from your broker. If the initial margin is 60%, the amount
You purchased 500 shares of ABC common stock on margin at $75 per share from your broker. If the initial margin is 60%, the amount you borrowed from the broker is
$20,000
$12,000
$8,000
$15,000
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Finance For Executives Managing For Value Creation
Authors: Gabriel Hawawini, Claude Viallet
6th Edition
1473749247, 9781473749245
