You Recently Purchased 1,300 Shares of Stock at a Cost

question 17

Multiple Choice

You recently purchased 1,300 shares of stock at a cost per share of $54.10. The initial margin requirement on this stock is 60% and the maintenance margin is 30%. The stock is currently valued at $42.30 a share. What is your current margin position? Ignore margin interest.

• A)46.91%
• B)48.84%
• C)63.05%
• D)65.28%
• E)78.18%

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Definitions:

Electronic Records

Digital versions of patients' paper charts, also known as Electronic Health Records (EHRs), which can contain the medical and treatment history of patients.

Wireless Records

Digital medical or health records that can be accessed and transmitted wirelessly, enhancing the mobility and accessibility of patient data.

Unusual Occurrence Report

A document used in healthcare and other industries to record any unexpected event that could impact safety or operations.

Threatening Call

A phone call that conveys threats of harm or intimidation to the receiver.