Todd Has a Margin Account with $17,400 in Available Cash

question 81

Multiple Choice

Todd has a margin account with $17,400 in available cash.The initial margin is 70 percent and the maintenance margin is 30 percent.What is the maximum number of shares he can purchase if the price per share is $44?

• A) 395 shares
• B) 564 shares
• C) 698 shares
• D) 744 shares
• E) 842 shares

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Definitions:

Bracero Program

A series of laws and diplomatic agreements, initiated in 1942, between the U.S. and Mexico, allowing millions of Mexican men to come to the United States to work on short-term, primarily agricultural labor contracts.

Mexican Immigrants

Individuals from Mexico who have moved to another country, often for reasons such as seeking better economic opportunities or escaping violence.

Citizenship

The status of being a recognized member of a country, with specific rights and duties as defined by that country's laws.

Reservations

Designated areas of land set aside by the government for the use of Indigenous tribes, often recognized as sovereign entities.