You Own 700 Shares of a Stock That You Purchased

question 31

Multiple Choice

You own 700 shares of a stock that you purchased on margin at a price per share of $20.12.The stock is currently valued at $23 a share.Your broker advised you today that your minimum equity position for this purchase is $5,635 as of today.What is the maintenance margin percentage?

• A)25 percent
• B)30 percent
• C)35 percent
• D)40 percent
• E)50 percent

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Definitions:

Simple Plurality

A voting system where the candidate with the most votes wins, regardless of whether they have a majority.

Straight-Ticket Voting

Straight-ticket voting is the practice of voting for all the candidates of the same political party on a ballot.

Independents

Voters or political candidates who do not affiliate with any established political party.

Winner-Take-All

An electoral system in which the candidate who receives the most votes wins the entire election or all available seats, as opposed to proportional representation systems.