You Purchased 1,200 Shares of Stock at $52 a Share

question 6

Multiple Choice

You purchased 1,200 shares of stock at $52 a share. The stock is currently selling for $54 a share. The initial margin was 70 percent and the maintenance margin is 30 percent. What is your current margin position?

• A) 28.36 percent
• B) 25.00 percent
• C) 75.00 percent
• D) 63.59 percent
• E) 71.11 percent

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Definitions:

Private Deals

Agreements or transactions made confidentially between parties, often without the knowledge or consent of a wider group.

Minority Rights

Legal and moral principles aimed at ensuring that members of societal minority groups receive protection from discrimination and any form of oppression.

Nuances

Subtle differences or distinctions in expression, meaning, or response that are often crucial to understanding complex issues.

Catholic Charities

A large network of charitable organizations affiliated with the Catholic Church, offering a wide range of social services and humanitarian aid.