can someone help, I thought the right answer was $8000 but its telling me its wrong
Posted: Wed Jul 06, 2022 6:42 pm
can someone help, I thought the right answer was $8000 but itstelling me its wrong
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
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