Recently, You Sold 300 Shares of Stock for $14

question 38

Multiple Choice

Recently, you sold 300 shares of stock for $14.60 a share. The sale was a short sale with an initial margin requirement of 70 percent. The maintenance margin is 35 percent. The stock is currently trading at $16.10 a share. What is your current short position in this stock?

• A) $2,916
• B) $4,830
• C) $7,446
• D) $10,362
• E) $11,976

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Definitions:

Two Competitors

Refers to a situation where two companies are in direct competition with each other in the same market segment or industry.

Horizontal Merger

A business consolidation that occurs between firms that operate in the same industry, often aiming to create synergies and improve competitive position.

Cultural Integration

The process of blending and harmonizing different cultural practices, values, and norms within an organization or society.

Cultural Pluralism

A concept where small groups within a larger society maintain their unique cultural identities, and their values and practices are accepted by the wider culture provided they are consistent with the laws and values of the wider society.