Alfonso Purchased 600 Shares of Crosswinds,Inc

question 2

Multiple Choice

Alfonso purchased 600 shares of Crosswinds,Inc.,stock on 60% margin when the stock was selling for $37 a share.The stock is currently selling for $32 a share.What is his current equity position?

• A)$7,680
• B)$8,880
• C)$9,600
• D)$10,320
• E)$11,560