You Recently Purchased 900 Shares of Western Timber Stock for $38

question 81

Multiple Choice

You recently purchased 900 shares of Western Timber stock for $38 a share.Your broker required a cash payment of $25,650,plus trading costs,for this purchase.What was the initial margin requirement?

• A)60 percent
• B)65 percent
• C)70 percent
• D)75 percent
• E)80 percent

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Definitions:

Wax Crystals

Solid crystalline substances formed in some oils and fats that can cause blockages in fuel systems or cloud the appearance of liquids at lower temperatures.

Plug Filters

Devices used to remove particulate contaminants from fluids or gas streams, often installed in-line with other machinery or systems.

Differential Carrier Housing

The casing that encloses the differential assembly in a vehicle, providing protection and support for the differential gears.