QUESTION 9

1. A market where securities are are bought from or sold to a securities dealer is known as a

   		broker market.
   		board of exchange.
   		exchange floor.
   		dealer market.

QUESTION 10

1. Megan bought 200 shares of stock at a price of $10 a share. She used her margin account with a 75% initial margin to make the purchase. What is Megan's equity when she opens the account?

   		$2000
   		$500
   		$700
   		$1500

QUESTION 11

1. Megan bought 200 shares of stock at a price of $10 a share. She used her margin account with a 75% initial margin to make the purchase. What is Megan's debit when she opens the account?

   		$700
   		$2000
   		$1500
   		$500

QUESTION 12

1. Megan bought 200 shares of stock at a price of $10 a share. She used her margin account with a 75% initial margin to make the purchase. After a year, the price of the stock is $12 a share. What is the new equity in her account?

   		$500
   		$1900
   		$2400
   		$2000