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:

Hypothalamus

A small region of the brain, located below the thalamus, crucial for hormone production, and regulation of bodily functions such as temperature, hunger, and sleep.

Psychopathic Abuser

An individual who exhibits characteristics of psychopathy, such as a lack of empathy, and engages in abusive behavior towards others.

Undercontrolled

Describes a lack of self-regulation or the inability to manage one’s impulses, emotions, or behaviors effectively.

Overcontrolled

Refers to individuals who exhibit excessive self-discipline, often suppressing impulses or emotions to an unhealthy extent.