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:

Parenting Style

The emotional climate and strategies used by parents in raising their children, classified into categories like authoritarian, authoritative, permissive, and uninvolved.

Autonomy

The capacity to make an informed, uncoerced decision; autonomy is often related to self-governance and freedom.

Tomato Base

A culinary ingredient or foundation made from tomatoes, used in various dishes and sauces.

Differentia

The element in a definition that specifies the attribute(s) distinguishing a species from other species of the same genus.