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shepherd shepherd
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8 years ago
Three hundred shares of stock are purchased on margin at a price of $42 per share plus $150 in brokerage commissions at a time when the margin requirement is 50 percent. How much additional cash would you need to deposit with your broker if the price of the stock dropped to $37 per share?
A) $1,650      B) $5,550      C) $1,500      D) $825
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Personal Finance

Personal Finance


Edition: 5th
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tityltityl
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8 years ago
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shepherd Author
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#2
8 years ago
You really helped me with my business course, thank you!
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#3
8 years ago
Cool! Remember to mark it solved when you get a chance
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