CFP Exam Questions 2025
, 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 - 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 - C. $10 per a share
Required Equity Actual Equity
Price: 30 Price: 30
Main. Margin *.40 Debt: (28)
Required Equity 12 Actual: $2
Debt = $80* (1-.65) = $28
, 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 - 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 - C. $10 per a share
Required Equity Actual Equity
Price: 30 Price: 30
Main. Margin *.40 Debt: (28)
Required Equity 12 Actual: $2
Debt = $80* (1-.65) = $28
