Theresa Has a Margin Account with a 60 Percent Initial

question 13

Multiple Choice

Theresa has a margin account with a 60 percent initial margin requirement and a 35 percent maintenance margin.What is the maximum dollar amount of stock she can purchase if her cash balance in the account is $35,300?

• A) $19,140.00
• B) $31,900.00
• C) $44,093.33
• D) $58,833.33
• E) $91,142.86

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