Robin Sold 800 Shares of a Non-Dividend Paying Stock This

question 59

Multiple Choice

Robin sold 800 shares of a non-dividend paying stock this morning for a total of $29,440. She had purchased these shares on margin nine months ago at a cost per share of $35. The initial margin requirement on this stock is 60% and the maintenance margin is 30%. Robin pays 1.2% over the call money rate of 4.9%. What is her total dollar return on this investment?

• A)$816.48
• B)$897.29
• C)$931.41
• D)$1,164.93
• E)$1,440.00

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Definitions:

Osteoclasts

Large bone cells that dissolve bone tissue during growth and healing processes, playing a critical role in bone resorption and remodeling.

Sympathetic Nervous System

Part of the autonomic nervous system that prepares the body for physical activity by accelerating the heart rate, constricting blood vessels, and raising blood pressure among other functions.

Adrenal Gland

An endocrine gland located above the kidney that produces various hormones, including adrenaline and steroids.

Pituitary Gland

A pea-sized gland at the base of the brain that secretes hormones regulating growth, metabolism, and reproductive processes.