Jim Purchased 100 Shares of Stock at a Price of $32

question 8

Multiple Choice

Jim purchased 100 shares of stock at a price of $32 a share.He utilized his 80% margin account to make the purchase.What is Jim's initial equity in this investment?

• A) -$640
• B) $640
• C) $2,560
• D) $3,200

---

Definitions:

Causality

The relationship between cause and effect where one event leads to the outcome of another.

Symbolically Powerful

Describes entities or concepts that hold significant influence or power within a culture or society through symbolic meaning or representation.

Emancipatory Subject

A concept in critical theory and sociology referring to individuals or groups seeking to achieve social liberation and freedom from oppressive structures.

Emancipatory Subject

An individual or collective actor that seeks to achieve liberation from oppression or societal constraints, often within critical theory contexts.