Matt Short Sold 500 Shares of Tall Pines Stock at $19

question 20

Multiple Choice

Matt short sold 500 shares of Tall Pines stock at $19 a share at an initial margin of 65 percent. The maintenance margin is 35 percent.What is the highest the stock price can go before he receives a margin call?

• A)$20.12
• B)$21.48
• C)$23.22
• D)$24.07
• E)$25.16

---

Definitions:

Stroma

The supportive framework of a biological cell, tissue, or organ, or the fluid-filled inner space of chloroplasts in which photosynthesis takes place.

Thylakoid Compartment

A membrane-bound compartment inside chloroplasts, found in plant cells, where photosynthesis occurs.

Cyclic Pathway

A biochemical pathway in which the starting compound is regenerated, allowing the cycle to repeat.

Photosystem I

A complex of proteins and pigments in chloroplasts that facilitates the light-driven production of NADPH in photosynthesis.