You Recently Purchased 1,300 Shares of Stock at a Cost

question 51

Multiple Choice

You recently purchased 1,300 shares of stock at a cost per share of $54.10.The initial margin requirement on this stock is 60 percent and the maintenance margin is 30 percent.The stock is currently valued at $42.30 a share.What is your current margin position? Ignore margin interest.

• A) 46.91 percent
• B) 48.84 percent
• C) 63.05 percent
• D) 65.28 percent
• E) 78.18 percent

---

Definitions:

Navigation Pane

A component of user interfaces in applications that allows users to navigate through different sections or features.

Shortcut Menu

A context-sensitive menu that appears when a user right-clicks on an element in an interface, offering quick access to common actions.

Calculated Fields

Fields within databases or spreadsheets that generate values based on other data entries through specified formulas.

Addition And Subtraction

Basic mathematical operations that respectively increase or decrease a number or quantity.