Colton would like to purchase as many shares of Apple stock (AAPL)as he is able. He currently has $10,000 in cash and the stock is selling for $250 a share. How many shares can he purchase if the initial margin is 70% and the maintenance margin is 35%?
A)28 shares
B)40 shares
C)52 shares
D)57 shares
E)114 shares

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The Answer of Colton would like to purchase as many shares of Apple stock (AAPL)as he is able. He currently has $10,000 in cash and the stock is selling for $250 a share. How many shares can he purchase if the initial margin is 70% and the maintenance margin is 35%?
A)28 shares
B)40 shares
C)52 shares
D)57 shares
E)114 shares

Colton Would Like to Purchase as Many Shares of Apple