You Currently Purchased 800 Shares of Stock on Margin at a Price

question 117

Multiple Choice

You currently purchased 800 shares of stock on margin at a price of $6.80 per share. Your broker required a cash payment of $5,440 plus trading costs. What was the initial margin requirement on this particular stock?

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

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Definitions:

Emotional Regulation

The process by which individuals influence which emotions they have, when they have them, and how they experience and express these emotions.

Interpersonal Relationships

Connections and interactions between two or more people, involving emotional or physical closeness.

General Intelligence

A theoretical measure of an individual's overall mental capability across various cognitive abilities.

Triarchic Intelligence

A theory of intelligence proposed by Robert Sternberg, encompassing analytical, creative, and practical dimensions of intelligence.