can someone help, I thought the right answer was $8000 but itstelling me its wrong
Can Someone Help I Thought The Right Answer Was 8000 But Its Telling Me Its Wrong 1 (63 KiB) Viewed 22 times
Assume you purchased 200 shares of GE common stock on margin at $100/share using 40% margin. How much did you borrow from your broker? a) $6,000 b) $4,000 c) $3,000 d) $8,000 e) $12,000
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!