You purchase 100 shares of stock at $100 ($10,000); the margin requirement is 40 percent. What are
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a. You sell the stock for $112 and buy the stock for cash?
b. You sell the stock for $90 and buy the stock on margin?
c. You sell the stock for $60 and buy the stock on margin?
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Cost of 100 shares 10000 a profit on the stock 11200 1000...View the full answer
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