Question: Exam 7 points v Saved QUESTION 5 Jerry has borrowed $40,000 on margin to buy shares in IBM, which are now selling at $20 per

Exam 7 points v Saved QUESTION 5 Jerry has borrowed $40,000 on margin to buy shares in IBM, which are now selling at $20 per share. If the initial margin is 50%. how many IBM shares has Jerry purchased? O a. 1,000 shares. b. 2.000 shares. C. 3,000 shares. d. 4,000 shares. o e. None of the above. 1 points Saved QUESTION 6

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