Question
You are buying 5,023 shares of ABC Corp at $34.37 per share in a portfolio without any other securities. If the margin requirement is 43.42%,
You are buying 5,023 shares of ABC Corp at $34.37 per share in a portfolio without any other securities. If the margin requirement is 43.42%, how much maximum broker loan can you take out for a LONG position in this stock? Assume zero trading commissions.
Question 15 options:
| $95,238 |
| $97,680 |
| $100,122 |
| $102,564 |
| $105,006 |
You are short selling 5,200 shares of ABC Corp at $33.03 per share in a portfolio without any other securities. If the margin requirement is 43.07%, how much of your own equity is needed at a minimum for a SHORT position in this stock? Assume zero trading commissions.
Question 16 options:
| $70,277 |
| $72,126 |
| $73,975 |
| $75,825 |
| $77,674 |
Your trading account has $89,235 of equity in the form of cash, with no other securities or existing liabilities. Your want to short sell shares of ABC Corp at $24.99 per share. Assuming zero trading commissions, what is the maximum number of shares you can short sell if the margin requirement is 55.61%?
Question 17 options:
| 6,260 |
| 6,421 |
| 6,582 |
| 6,742 |
| 6,903 |
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