Recently,you Sold 1,000 Shares of Stock for $21,400

question 83

Multiple Choice

Recently,you sold 1,000 shares of stock for $21,400.The sale was a short sale with an initial margin requirement of 60 percent.The maintenance margin is 30 percent.The stock is currently trading at $27.50 a share.What is your current margin position in this stock?

• A) 24.51 percent
• B) 28.11 percent
• C) 32.09 percent
• D) 43.98 percent
• E) 46.69 percent

---

Definitions:

Oxyacetylene Torch

A tool used for cutting, welding, and brazing metals by burning a mixture of oxygen and acetylene gas, producing a very hot flame.

Neutral Flame

A specific flame condition in oxy-fuel welding where the oxygen and fuel gas are in perfect balance, producing a clean and efficient heat source.

Carburizing Flame

A type of flame used in welding and metalworking characterized by a high carbon content, used to harden steel by enhancing its surface carbon concentration.

Torque

A gauge of the power capable of making an object spin around a central line.