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 purchased 1000 shares of CWC stock for $80 per share with an initial margin requirement of 65% and a maintenance margin of 40%. Assume the stock price falls to $30 per share, how much equity must Laureen contribute? A. $2/share B. $8/share C. $10/share D. $12/share CORRECT ANSWER C. $10 per a share Required Equity Actual Equity Price: 30 Price: 30
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Institution
CFP - Certified Financial Planner
Course
CFP - Certified Financial Planner
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- Institution
- CFP - Certified Financial Planner
- Course
- CFP - Certified Financial Planner
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- October 19, 2023
- Number of pages
- 14
- Written in
- 2023/2024
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- Exam (elaborations)
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