You purchased 1000 shares of IBM common stock on margin at $140 per share from your broker. If the initial margin requirement is 60%, then the amount you would need to borrow from the broker is O $84,000 $75,000 $56,000 $49,000

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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You purchased 1000 shares of IBM common stock on margin at $140 per share from your
broker. If the initial margin requirement is 60%, then the amount you would need to borrow
from the broker is
$84,000
$75,000
O $56,000
$49,000
Transcribed Image Text:You purchased 1000 shares of IBM common stock on margin at $140 per share from your broker. If the initial margin requirement is 60%, then the amount you would need to borrow from the broker is $84,000 $75,000 O $56,000 $49,000
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