Donna Recently Purchased 600 Shares of Deltona Stock for $37

question 66

Multiple Choice

Donna recently purchased 600 shares of Deltona stock for $37 a share. Her broker required a cash payment of $16,650, plus trading costs, for the purchase. What is the initial margin requirement on this stock?

• A)60%
• B)65%
• C)75%
• D)80%
• E)90%

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Definitions:

Routine Request

A standard or common inquiry or petition, often used in business or professional contexts, to ask for information or action.

Specific Request

A precise and clear ask or requirement directed towards an individual or group to perform a particular action or provide information.

Direct Approach

A communication strategy that involves straightforward and transparent presentation of information or a proposal.

Routine Request

A standard or common inquiry or solicitation, often made in a professional or formal context.