How Many Shares of TIC Could You Purchase on Margin

question 19

Multiple Choice

How many shares of TIC could you purchase on margin if you have $6000? The market price is $20 and the margin requirement is 30 percent.

• A)900 shares
• B)300 shares
• C)1000 shares
• D)428 shares

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Definitions:

Eukaryotic Fission

A type of cell division in eukaryotic organisms, similar to binary fission, resulting in the replication and division of a cell into two genetically identical daughter cells.

Proto-Oncogenes

Normal genes that, when mutated, become oncogenes and can contribute to cancer development by promoting cell growth and division.

Checkpoint Genes

Genes that regulate the cell cycle and ensure that each phase is completed accurately before the next one begins, acting as safeguards against cellular damage and uncontrolled cell growth.

Mitosis

The division of a cell resulting in two descendant cells, each inheriting an identical count and form of chromosomes as the parent nucleus, typical in the growth of regular tissues.