CFP Exam Questions and Answers (New Update 2023)

CFP Exam Questions and Answers (New Update 2023) 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 Main. Margin *.40 Debt: (28) Required Equity 12 Actual: $2 Debt = $80* (1-.65) = $28 Required - Actual = contribution amount 12-2=10 MSFT declared a dividend payable to shareholders on the record date of Wed. May 15th. Which is the last possible date an investor could purchase the stock and still receive the dividend? A. purchased on May 13th B. purchased on May 12th C. purchased on May 11th D. purchased on May 10th - CORRECT ANSWER D. May 10th.