Staci Just Used $6,000 of Cash Plus a $3,000 Margin

question 22

Multiple Choice

Staci just used $6,000 of cash plus a $3,000 margin loan to purchase $9,000 worth of stock.This is the only transaction in her brokerage account.According to her account balance sheet,she now has account equity of:

• A)$3,000.
• B)$6,000.
• C)$9,000.
• D)$12,000.
• E)$15,000.

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Definitions:

Fastest-growing Age Group

The demographic segment experiencing the most rapid increase in population size over a given period.

Sleep

A naturally recurring state of mind and body characterized by altered consciousness, reduced sensory activity, and inhibited voluntary muscle activity.

Awaken

To emerge from sleep or to become conscious of something.

Bathroom

A room containing a toilet and typically also a sink and either a bathtub or a shower, meant for personal hygiene activities.