Exhibit 4.7 USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)

question 17

Multiple Choice

Exhibit 4.7
USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)

Shares of RossCorp stock are selling for $45 per share. Brokerage commissions are 2% for purchases and 2% for sales. The interest rate on margin debt is 6.25% per year. The maintenance margin is 30%.
-Refer to Exhibit 4.7.Assume that you purchase 150 shares of RossCorp stock at $45 each by making a margin deposit of 55%.At what price would you receive a margin call?

• A) $29.39
• B) $26.48
• C) $50.39
• D) $28.93
• E) $50.10

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Definitions:

Simple Sentence

A sentence structure containing a single independent clause with a subject and a predicate.

Complex Sentence

A sentence type that consists of at least one independent clause and one or more dependent clauses.

Proposition

A statement or assertion that expresses a judgment or opinion.

Definitional Theory

A theory that focuses on providing clear, precise definitions as a foundation for understanding concepts or phenomena.