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15. The brokers call rate represents A. the rate the broker charges an investor on a margin account. B. the rate the broker pays its

15. The brokers call rate represents

A. the rate the broker charges an investor on a margin account.

B. the rate the broker pays its bank on borrowed funds.

C. the return earned by the broker on a margin account.

D. the return earned by the investor on a margin account .

28. You short-sell 600 shares of Rock Creek Fly Fishing Co., now selling for $26 per share. If you want to limit your loss to $2,805, you should place a stop-buy order at ___.

A. $30.68

B. $26.00

C. $21.32

D. $42.65

30. The commission structure on a stock purchase is $65 plus $0.04 per share. If you purchase eight round lots of a stock selling for $194, what is your commission?

A. $33

B. $65

C. $97

D. $32

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