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  2. Business
  3. Investments Study Set 3
  4. Quiz 3: How Securities Are Traded

Question 36
Multiple Choice

You want to purchase XON stock at $60 from your broker using as little of your own money as possible. If initial margin is 50% and you have $3,000 to invest, how many shares can you buy? A) 100 shares B) 200 shares C) 50 shares D) 500 shares E) 25 shares

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