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Business, 31.05.2021 15:30 azaz1819

Assume you purchased 900 shares of XYZ common stock on margin at $90 per share from your broker. If the initial margin is 65%, the amount you borrowed from the broker is:. A. $109,350
B. $81,000
C. $52,500
D. $28,350
E. $22,500

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