Justin just made a margin purchase of 100 shares of DEF Corp. for $22.50 per share. The initial margin is 70%. The maintenance margin is 30%
How low can the price of each share of DEF be before Justin will have to add equity to his account?
A) $4.73
B) $5.25
C) $6.75
D) $9.64
Answer: D
You might also like to view...
______ feedback is most effective because our reaction can lose its impact over time.
A. Immediate B. Delayed C. Nonevaluative D. High-monitoring
Allie is showing Nadim how to process certain types of laboratory specimens. Allie always works one-on-one with new hire employees. Nadim and Allie are engaged in a training activity known as ______.
A. distance training B. classroom training C. on-the-job training D. simulation training
Providing ______ can reduce the tax burden on both the organization and the individual.
A. bonuses B. benefits C. merit pay D. commissions
Which University research included a two-dimensional view of leadership behavior including Initiating structure and Consideration?
a. Arizona State University b. University of Michigan c. University of Oregon d. Ohio State University