Mike Bought 200 Shares of PDQ Stock on Margin at $15/share

question 89

Multiple Choice

Mike bought 200 shares of PDQ stock on margin at $15/share. The stock increased to $21/share. What was Mike's profit?

• A) $600
• B) $1,200
• C) $3,000
• D) $4,200
• E) $5,200

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Definitions:

Task Difficulty

The perceived level of challenge presented by a task, which can affect motivation and performance.

Dispositional Influences

Factors related to an individual's inherent qualities, such as personality traits, that affect their behavior and attitudes.

Dispositional Attributions

The tendency to attribute someone's behavior to their character or personality, rather than external situational factors.

Abilities

The skills, talents, or competencies a person has, which can be natural or developed, that enable them to perform specific tasks or actions.