Ulysses buys 500 shares of a security, currently trading at $22 per share, that his brokerage firm
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Question:
Ulysses buys 500 shares of a security, currently trading at $22 per share, that his brokerage firm has designated as "option-eligible" (ie. allows for maximum loan amount). What is the margin requirement?
$3,300
$5,500
$7,700
$11,000
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