Question: Jackie has a margin account with $ 1 5 0 , 0 0 0 of his own money. The initial margin deposit required is 6

Jackie has a margin account with $150,000 of his own money. The initial margin deposit required is 60 percent and Turtle Industries is currently selling at $50 per share. What is the maximum number of Turtle Industries shares Jackie can purchase meeting the initial margin requirement?

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