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Zoey would like to buy 50 shares of Beauty Inc. stock at $30 each. She only has $800 to invest herself and will borrow the

Zoey would like to buy 50 shares of Beauty Inc. stock at $30 each. She only has $800 to invest herself and will borrow the rest from her stockbroker. What is her margin percentage?

Answer

a. 53.3%

b. 46.7%

c. 50.0%

d. 49.8%

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