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Question 19(10 points) You recently purchased 600 shares of Southern Timber stock for...

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Finance

Question 19(10 points)
You recently purchased 600 shares of Southern Timber stock for $40 a share. Your
broker required a cash payment of $12,000 for this purchase. What was the initial
margin requirement?
75%
65%
80%
50%
70%
image

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