Assume You Purchased 200 Shares of GE Common Stock on Margin

question 49

Multiple Choice

Assume you purchased 200 shares of GE common stock on margin at $70 per share from your broker. If the initial margin is 55%, how much did you borrow from the broker?

• A) $6,000
• B) $4,000
• C) $7,700
• D) $7,000
• E) $6,300

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Definitions:

Palliative Care

Specialized medical care focused on providing relief from the symptoms and stress of a serious illness.

Severe Pain

An intense and often debilitating level of physical discomfort, requiring medical evaluation and treatment.

Opioids

A class of drugs that include both prescription pain relievers and illegal substances, known for their pain-reducing and euphoric effects.

Pain Relief

The reduction or elimination of pain using various methods, including medication, therapy, or alternative approaches.