CFP Exam Questions and Answers 100% Solved | Guaranteed Success
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Course
CFP
Institution
CFP
CFP Exam Questions and Answers 100%
Solved | Guaranteed Success
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 - ...
Ex dividend date would be Monday the 13th, and in order to receive the
dividend the investor would have to purchase prior to the ex-dividend date.
Since the 13th is a Monday the last possible date an investor could
purchase the stock and still receive the dividend would be Friday the 10th.
If June 4 is the date of record, when must Joe purchase the stock in order
to receive the dividend?
A. June 1
B. June 2
C. June 3
D. June 4
E. May 31 - ✔✔A. June 1st
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