Question
You want to purchase IBM stock at $80 from your broker using as little of your own money as possible. If initial margin is 50%
You want to purchase IBM stock at $80 from your broker using as little of your own money as possible. If initial margin is 50% and you have $2,000 to invest, how many shares can you buy?
a-500 shares
b-25 shares
c-100 shares50 shares
d-200 shares
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Get StartedRecommended Textbook for
Applied Equity Analysis and Portfolio Management Tools to Analyze and Manage Your Stock Portfolio
Authors: Robert A.Weigand
1st edition
978-111863091, 1118630912, 978-1118630914
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