You Want to Purchase GM Stock at $40 from Your

question 60

Multiple Choice

You want to purchase GM stock at $40 from your broker using as little of your own money as possible. If initial margin is 50% and you have $4,000 to invest, how many shares can you buy?

• A) 100 shares
• B) 200 shares
• C) 50 shares
• D) 500 shares
• E) 25 shares

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Definitions:

Moses

A key figure in the Abrahamic religions, regarded as a prophet, lawgiver, and leader who liberated the Israelites from Egyptian slavery.

Jonah

A figure in the Hebrew Bible and the Quran, known for being swallowed by a giant fish or whale, and his story is often interpreted as a symbol of resurrection and forgiveness.

Diptych

An artwork consisting of two panels, often hinged together and can be closed like a book; commonly used in medieval and Renaissance times for religious paintings.

Fourth-Century Rome

A period marked by significant transformation within the Roman Empire, characterized by political instability and the spread of Christianity.