Exam (elaborations)
FIN3102A/FIN3702A Semester 2 MOCK TEST 1
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FIN3102A/FIN3702A Semester 2 MOCK TEST 1You want to purchase GM stock at $10 from your broker using as little of your own money as possible. If initial margin is 60% and you have $2400 to invest, how many shares can you buy? A. 200 shares B. 300 shares C. 400 shares D. 600 shares...
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