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Exam (elaborations)
Series 7 Exam Guide Questions and CORRECT Answers
Preview 3 out of 24 pages
Series 7 Exam Guide Questions and CORRECT Answers The minimum maintenance in a short account is - Ans 30% of the market value or $5 per share (whichever is greater) for stocks trading above $5. For stocks trading below $5, the minimum maintenance is - Ans $2.50 per share or 100% of market value (whichever is greater). Duration measures - Ans a bond's price volatility by weighting the length of time it takes for a bond's cash flow to pay for itself
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