Helpenglish7434 Helpenglish7434

25-02-2024
Business

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Your broker requires a margin of 40% on a stock purchase. You fully use the margin allowed to purchase 100 shares of Kennesaw Corp. at $60. If the price drops to $50, what is your percentage loss?

a. 38.15%
b. 41.67%
c. 48.25%
d. 52.76%

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