Angel bought $20,375 worth of stock on margin and borrowed $4,651 from his broker. What is the percentage margin in Angel's account?

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter7: Stocks (equity) - Characterstics And Valuation
Section: Chapter Questions
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Angel bought $20,375 worth of stock on margin and borrowed $4,651 from his broker. What is the percentage margin in Angel's account?
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