Question: You have $ 2 4 , 0 0 0 and decide to invest on margin. If the initial margin requirement is 4 0 percent, what

You have $24,000 and decide to invest on margin. If the initial margin requirement is 40 percent, what is the maximum dollar purchase you can make?
Note: Round your answer to the nearest whole number.
Maximum purchase
You have $24,000 and decide to invest on margin. If the

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