Multiple Choice
USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)
Heidi Talbott has a margin account with a balance of $50,000. The initial margin deposit is 50 percent, and RC Industries is currently selling at $50 per share.
-Refer to Exhibit 3.2. What is Heidi's profit if RC's price rises to $80?
A) $55,000
B) $50,000
C) $60,000
D) $68,270
E) $28,570
Correct Answer:
Verified
Correct Answer:
Verified
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