Question
Annabelle purchased shares of Trinity Co. stock for $45 and the price has risen to $70. Annabelle would like to ensure that if the price
Annabelle purchased shares of Trinity Co. stock for $45 and the price has risen to $70. Annabelle would like to ensure that if the price of Trinity Co. sock falls below $62, her shares will be sold. Which of the following will accomplish her goal?
a. A stop-loss order at 62.
b. A fill-or-kill order at 65.
c. A limit order at 45.
d. A long order at 70.
Andre purchased shares of Latte, Co. for $48 using a margin account with a 50% initial margin rate and a 30% maintenance margin rate. At what price will Andre receive a margin call?
a. $14.40.
b. $24.00.
c. $34.29.
d. $68.57.
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