You buy 2000 shares of XYZ for $50 with 55% margin. Three months later the price is $60. What is the buying power for your investment? Show all work.

Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter6: Saving And Investing
Section6.2: Investing: Taking Risks With Your Savings
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You buy 2000 shares of XYZ for $50 with 55% margin. Three months later the price is $60. What is
the buying power for your investment? Show all work.
Transcribed Image Text:You buy 2000 shares of XYZ for $50 with 55% margin. Three months later the price is $60. What is the buying power for your investment? Show all work.
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