Maximum number of shares you can buy if the initial margin
Course:- Financial Management
Reference No.:- EM13942954

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Carson Corporation stock sells for $59 per share, and you've decided to purchase as many shares as you possibly can. You have $39,000 available to invest. What is the maximum number of shares you can buy if the initial margin is 60 percent? (Do not round intermediate calculations. Round your answer to the nearest whole number.)

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