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

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Definitions:

Attitude Change

The process by which an individual's feelings, beliefs, or behaviors towards an object, person, or situation are modified.

Minority Opinions

Opinions or perspectives held by a small segment of a group, which often differ from the majority viewpoint.

Cognitive Activity

this term describes the mental processes involved in gaining knowledge and comprehension, including thinking, knowing, remembering, judging, and problem-solving.

Perceptual Conflict

A disagreement that arises from differing interpretations or perceptions of a particular situation or information.