You want to purchase IBM stock at $80 from your broker using as little of your own
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Question:
You want to purchase IBM stock at $80 from your broker using as little of your own money as possible. If initial margin is 50% and you have $2,000 to invest, how many shares can you buy?
a-500 shares
b-25 shares
c-100 shares
d-50 shares
e-200 shares
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