CFP Exam Questions with Correct
Answers
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 - Answer-B. $22.86
40*(1-...
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 - Answer✔✔-A. June 1st
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