Exam (elaborations)
CFP Exam Questions with correct answers
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Lisa purchased 500 shares of XYZ stock trading at $40 per share, with an initial margin requirement of 60% and a maintenance margin of 30%. At What price would Lisa receive a margin call? A. $20 B. $22.86 C. $57.14 D. $80.00 CORRECT ANSWER B. $22.86 40*(1-.60)/ 1-.30= 22.86 Lareen purch...
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