You Own 700 Shares of a Stock That You Purchased

question 31

Multiple Choice

You own 700 shares of a stock that you purchased on margin at a price per share of $20.12.The stock is currently valued at $23 a share.Your broker advised you today that your minimum equity position for this purchase is $5,635 as of today.What is the maintenance margin percentage?

• A)25 percent
• B)30 percent
• C)35 percent
• D)40 percent
• E)50 percent

---

Definitions:

Self-Determination Theory

A theory of motivation that emphasizes the role of innate psychological needs in the development of personal growth and psychological well-being.

Autonomy

The capacity to make an informed, uncoerced decision independently. In personal context, it refers to self-governance or the right to self-direct one's life.

Internal Motivation

The drive to act or behave in a certain way based on internal rewards or personal satisfaction rather than external pressures or rewards.

Behavioral Flexibility

The ability to adapt and adjust behavior in response to changing circumstances or environments.