FIN 3702B
Liberty University
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FIN3702A Semester 2 Mock Test 1
- Exam (elaborations) • 9 pages • 2022
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FIN3102A/FIN3702A Semester 2, 2019/2020
February 25, 2020
Prepared by Dr. Zhang
1. You want to purchase GM stock at $10 from your broker using as little of your own
money as possible. If initial margin is 60% and you have $2400 to invest, how many
shares can you buy?
A. 200 shares
B. 300 shares
C. 400 shares
D. 600 shares
E. 800 shares
2. Assume you sold short 100 shares of common stock at $40 per share. The initial
margin is 50%. What would be the maintenance margin if a marg...
Exam (elaborations)
FIN3702A Semester 2 Mock Test 1
Last document update:
ago
FIN3102A/FIN3702A Semester 2, 2019/2020 February 25, 2020 Prepared by Dr. Zhang 1. You want to purchase GM stock at $10 from your broker using as little of your own money as possible. If initial margin is 60% and you have $2400 to invest, how many shares can you buy? A. 200 shares B. 300 shares C. 400 shares D. 600 shares E. 800 shares 2. Assume you sold short 100 shares of common stock at $40 per share. The initial margin is 50%. What would be the maintenance margin if a marg...
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