You Own 400 Shares of a Stock That You Purchased

question 3

Multiple Choice

You own 400 shares of a stock that you purchased on margin at a price per share of $20.74. The stock is currently valued at $20 a share. Your broker advised you that your minimum equity position for this purchase is $2,800 as of today. What is the maintenance margin percentage?

• A)25%
• B)30%
• C)35%
• D)40%
• E)50%

---

Definitions:

Rogers

Carl Rogers was an influential American psychologist who founded the client-centered therapy approach, emphasizing empathy and unconditional positive regard in psychotherapy.

OCEAN

An acronym for the Big Five personality traits model, which includes Openness, Conscientiousness, Extraversion, Agreeableness, and Neuroticism.

Five-Factor Model

A model that describes personality using five broad dimensions, each of which is composed of a constellation of personality traits.

Cardinal Traits

Fundamental personality characteristics that dominate and shape an individual's behavior and attitudes.