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Question
Kate just purchased $7,000 worth of stock. She paid $5,000 in cash and borrowed $2,000. In this example, the term margin refers to:A. the total amount of the purchase.
B. the percentage of the purchase that was paid in cash.
C. the percentage of the purchase paid with borrowed funds.
D. any future increase in the value of the stock.
E. any future decrease in the value of the stock.
Answer
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Related questions
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