Ralph Bought 100 Shares of IBM Stock on Margin

question 8

Multiple Choice

Ralph bought 100 shares of IBM stock on margin.At the time he made his purchase,which amounted to $10,000,the margin requirement was 60 percent.How much of the purchase amount could Ralph borrow?

• A)$5,000
• B)$4,000
• C)$6,000
• D)$10,000

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