Rosita Purchased 300 Shares of a Stock for $37 a Share.Today,the

question 53

Multiple Choice

Rosita purchased 300 shares of a stock for $37 a share.Today,the stock is selling for $41 a share.The initial margin requirement is 70 percent and the maintenance margin is 30 percent.Rosita had to pay ________ in cash to purchase the stock and must have at least ________ in equity today.

• A) $3,690; $3,330
• B) $3,690; $3,690
• C) $7,770; $3,330
• D) $7,770; $3,690
• E) $8,610; $3,690

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Definitions:

Extrinsic Factors

External variables or circumstances that influence behavior or performance, not inherent to the individual.

Brainstorming

A type of spontaneous group discussion to help find multiple solutions to problems.

Simple

Easily understood or done, presenting no difficulty.

Well-defined Problems

Well-defined Problems are problems with clear objectives, known variables, and specific solutions, making them relatively straightforward to solve.