Last Week, You Sold 300 Shares of ABC Stock for $6,300

question 47

Multiple Choice

Last week, you sold 300 shares of ABC stock for $6,300. The sale was a short sale with an initial margin requirement of 70%. The maintenance margin is 40%. Some positive news concerning the company was released last night and the stock price jumped this morning to $28 a share. What is your current margin position in this stock?

• A)61.33%
• B)56.67%
• C)48.33%
• D)38.68%
• E)27.50%

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Illness Anxiety Disorder

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Somatic Symptoms

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Seeking Treatment

The process of recognizing the need for help with mental, emotional, or physical health issues and taking steps to receive care.

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