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tls043 tls043
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2 years ago
William purchased 1000 shares of stock at a price of $32 a share. He utilized his 50% margin account to make the purchase. What is William's initial equity in this investment?

▸ -$16,000

▸ $16,000

▸ $48,000

▸ $32,000
Textbook 
Fundamentals of Investing

Fundamentals of Investing


Edition: 14th
Authors:
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malgrextoutmalgrextout
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2 years ago
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tls043 Author
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2 years ago
Good timing, thanks!
karamsidhu1
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Yesterday
This helped my grade so much Perfect
rhockeygirl
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2 hours ago
Thanks for your help!!
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