Jim Purchased 100 Shares of Stock at a Price of $32

question 28

Multiple Choice

Jim purchased 100 shares of stock at a price of $32 a share, assuming a margin loan of 20%. What is Jim's initial equity in this investment?

• A) $2,560.
• B) - $640.
• C) $640.
• D) $3,200.

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Definitions:

External Locus of Control

A belief system where individuals perceive their successes or failures as influenced by external forces beyond their control.

Decremental

Characterized by a gradual reduction or decrease in size, magnitude, or quality over time.

Internal Locus of Control

The belief that one has control over their own life and outcomes, as opposed to external forces having that control.

Personality Factors

Traits and attributes that constitute an individual's distinct character.