Suzette Recently Purchased 300 Shares of Nu Electronics Stock for $4.40

question 26

Multiple Choice

Suzette recently purchased 300 shares of Nu Electronics stock for $4.40 a share.Her broker required a cash payment of $1,320,plus trading costs,for the purchase.What is the initial margin requirement on this stock?

• A) 70 percent
• B) 75 percent
• C) 80 percent
• D) 90 percent
• E) 100 percent

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Definitions:

Coronal Section

A vertical plane slicing the body or an organ from front to back, used to examine its internal structure.

Horizontal Section

A method in anatomical studies and imaging that involves slicing and visualizing a body or organ in a plane parallel to the ground.

Enteric Nervous System

A subdivision of the peripheral nervous system that directly controls the gastrointestinal system.

Gut

The gastrointestinal tract that digests food, absorbs nutrients, and expels waste.