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You Purchased 1,000 Shares of Stock at $35 a Share

question 85

Multiple Choice

You purchased 1,000 shares of stock at $35 a share. The stock is currently selling for $39 a share. The initial margin was 70% and the maintenance margin is 30%. What is your current margin position?


Definitions:

Job Tasks

Specific duties or responsibilities assigned to an individual in their role or position within an organization.

Distinct Behaviours

Actions or conduct that are unique or characteristic to individuals or groups.

Proficient

Having a high degree of skill or competence in a particular activity or field.

Material

Material refers to the physical elements or resources used in the production of goods and services.

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