You Purchased 700 Shares of Stock for $54

question 96

Multiple Choice

You purchased 700 shares of stock for $54.30 a share.The initial margin requirement is 75 percent and the maintenance margin is 35 percent.What is the maximum percentage decrease that can occur in the stock price before you receive a margin call?

• A)35 percent
• B)38 percent
• C)48 percent
• D)57 percent
• E)62 percent

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Definitions:

Glial Cells

Cells within the central and peripheral nervous system, not of neuronal origin, that offer both support and protection to neurons.

Tropic Molecules

Substances that guide the growth or movement of developing cells or parts of an organism in response to certain stimuli.

Growth Cones

Dynamic, actin-supported extensions of a developing or regenerating neurite seeking synaptic partners by sensing their environment.