Robin Sold 800 Shares of a Non-Dividend Paying Stock This

question 32

Multiple Choice

Robin sold 800 shares of a non-dividend paying stock this morning for a total of $29,440.She had purchased these shares on margin nine months ago at a cost per share of $35.The initial margin requirement on this stock is 60 percent and the maintenance margin is 30 percent.Robin pays 1.2 percent over the call money rate of 4.9 percent.What is her total dollar return on this investment?

• A) $816.48
• B) $897.29
• C) $931.41
• D) $1,164.93
• E) $1,440.00

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Definitions:

Context-dependent Memory

Context-dependent memory refers to the improved recall of specific information when the context present at encoding and retrieval of the information is the same.

Memory Reconsolidation

The process by which previously consolidated memories are recalled and then stored again for long-term memory.

Negative Memories

Recollections of past events that evoke negative emotions.

Context-dependent Memory

The phenomenon whereby information is more easily recalled when the context present at encoding and retrieval is the same.