Buying maximum number of shares for given initial margin
Question: Carson Corp. stock sells for $71 a share and you've decided to purchase as many shares as you possibly can. You have $13,000 available to invest. What is the maximum number of shares you can buy if the initial margin is 60%?
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You have $13,000 available to invest. What is the maximum number of shares you can buy if the initial margin is 60%?
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