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Carson Corporation stock sells for $35 per share, and you’ve decided to purchase as many shares as you possibly can. You have $50,000 available to invest. What is the maximum number of shares you can buy
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Carson Corporation stock sells for $35 per share, and you’ve decided to purchase as many shares as you possibly can. You have $50,000 available to invest. What is the maximum number of shares you can buy if the initial margin is 70 percent? (Do not round intermediate calculations. Round your answer to the nearest whole number.)

User Reflective
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5 votes

Answer:

2041 shares

Step-by-step explanation:

Maximum amount for investment = $ 50 000 / 70 % = $ 71428.571

maximum number of shares = $ 71428.571 / $ 35 = 2040.812 approx 2041 shares

User Jason McFarlane
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