You Purchased 800 Shares of Stock for $49

question 87

Multiple Choice

You purchased 800 shares of stock for $49.20 a share.The initial margin requirement is 65 percent and the maintenance margin is 35 percent.What is the lowest the stock price can go before you receive a margin call?

• A) $9.27
• B) $14.54
• C) $17.22
• D) $21.88
• E) $26.49

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Definitions:

Intra-cranial

Referring to something occurring within the skull.

Pragmatists

Philosophers or thinkers who focus on practical consequences and applications of ideas to problems, valuing action over doctrine.

Subconscious

The part of the mind that operates below the level of conscious awareness, influencing behavior and thoughts.

Reality

The state or quality of having existence or substance, often contrasted with perceptions, illusions, or simulations.