Solved

You Buy 300 Shares of Qualitycorp for $30 Per Share

Question 2

Multiple Choice

You buy 300 shares of Qualitycorp for $30 per share and deposit initial margin of 50%. The next day, Qualitycorp's price drops to $25 per share. What is your actual margin?


A) 50%
B) 40%
C) 33%
D) 60%
E) 25%

Correct Answer:

verifed

Verified

Related Questions

Q1: Which one of the following statements regarding

Q3: The secondary market consists of<br>A) transactions on

Q4: The securities act of 1933 I) requires

Q5: Restrictions on trading involving insider information apply

Q6: The preliminary prospectus is referred to as

Q7: You purchased 100 shares of KO common

Q8: In a typical underwriting arrangement, the investment-banking

Q9: The introduction of the _allowed brokers to

Q10: NASDAQ subscriber levels<br>A) permit those with the

Q11: A sale by IBM of new stock