You Purchased 800 Shares of Stock for $49

question 18

Multiple Choice

You purchased 800 shares of stock for $49.20 a share. The initial margin requirement is 65% and the maintenance margin is 35%. What is the lowest the stock price can go before you receive a margin call?

• A)$9.27
• B)$14.54
• C)$17.22
• D)$21.88
• E)$26.49

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Definitions:

Secularization

is the process by which religious institutions, practices, and beliefs lose their social significance.

Institutional Authority

The power or right granted to institutions or organizations to direct actions or set policies within a societal framework.

Afterlife

Beliefs regarding a continuation of existence, typically in a spiritual or metaphysical realm, following the death of the physical body.

Door To Door

A method of selling products or services directly to customers at their homes or workplaces.