You Recently Purchased 200 Shares of Stock at a Cost

question 84

Multiple Choice

You recently purchased 200 shares of stock at a cost per share of $32.50.The initial margin requirement on this stock is 75 percent and the maintenance margin is 50 percent.The stock is currently valued at $35.00 a share.What is your current margin position? Ignore margin interest.

• A) 73.01 percent
• B) 73.83 percent
• C) 74.95 percent
• D) 75.69 percent
• E) 76.79 percent

---

Definitions:

Examination

A formal test of a person's knowledge or proficiency in a subject or skill.

Bobo Doll Experiment

A social psychology experiment conducted by Albert Bandura, demonstrating that children can learn aggressive behaviors from observing adults.

Token Reinforcement

A system of behavior modification based on the systematic reinforcement of target behavior, wherein tokens are given as rewards which can be exchanged for desired items or privileges.

Symbolically Represent

To stand for, denote, or signify something through symbols or allegories, allowing for abstract concepts to be conveyed in a understandable manner.