Multiple Choice
You want to purchase GM stock at $40 from your broker using as little of your own money as possible. If initial margin is 50% and you have $4,000 to invest, how many shares can you buy?
A) 100 shares
B) 200 shares
C) 50 shares
D) 500 shares
E) 25 shares
Correct Answer:
Verified
Correct Answer:
Verified
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