Recently, You Sold 300 Shares of Stock for $14

question 38

Multiple Choice

Recently, you sold 300 shares of stock for $14.60 a share. The sale was a short sale with an initial margin requirement of 70 percent. The maintenance margin is 35 percent. The stock is currently trading at $16.10 a share. What is your current short position in this stock?

• A) $2,916
• B) $4,830
• C) $7,446
• D) $10,362
• E) $11,976

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Definitions:

IQ Tests

Tests standardized to evaluate cognitive abilities and human intelligence.

Criterion Validity

The extent to which a measure correlates with an independent criterion (standards) considered as the representing the same construct.

Construct Validity

The extent to which a test measures what it claims to measure, reflecting the accuracy of operationalizing a concept or construct.

Gifted Range

A classification in educational psychology referring to individuals, especially children, who demonstrate outstanding aptitude or competence in one or more domains.