You want to purchase GM stock at \$40 from your broker using as little of your own money as possible. If initial margin is 50% and you have \$4000 to invest, how many shares can you buy?
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You want to purchase GM stock at \$40 from your broker using as little of your own money as possible. If initial margin is 50% and you have \$4000 to invest, how many shares can you buy?