Exhibit 4.3 Use the Information Below for the Following Problem(S)

question 44

Multiple Choice

Exhibit 4.3
Use the Information Below for the Following Problem(S)
Kathy Smith has a margin account with a balance of $60,000. Initial margin requirements are 80 percent, and Jackson Industries is currently selling at $40 per share.
-Refer to Exhibit 4.3.What is Kathy's profit if Jackson's price rises to $50?

• A) $18,750
• B) $15,750
• C) $55,000
• D) $37,750
• E) $28,570

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Definitions:

Kaleidoscopic

Having complex patterns of colors; changing rapidly in a dynamic, complex manner.

Surreal

Pertaining to surrealism, an artistic and literary movement that sought to release the creative potential of the unconscious mind by the juxtaposition of irrational images.

Choreographer

A professional who designs and directs the movements in dance performances, ensuring that they convey the intended message or emotion.

Schoolteacher

A professional educator who instructs students in various subjects within a school setting.