Solved

You Want to Purchase XON Stock at $60 from Your

Question 14

Multiple Choice

You want to purchase XON stock at $60 from your broker using as little of your own money as possible. If initial margin is 50% and you have $3,000 to invest, how many shares can you buy?


A) 100 shares
B) 200 shares
C) 50 shares
D) 500 shares
E) 25 shares

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