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Examen
FIN3102 practice questions (mid-term with answers)
Sample Practice Questions for Test 1 with Answers Semester 2, 2016/2017 
Prepared by Dr. Weina 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 (answer: 2400/0.6 = $4000; $4000/$10 = 400 shares) 
D. 600 shares 
E. 800 shares 
 
 2. Assume you sold short 100 shares of common stock a...
Examen
FIN3102 practice questions (mid-term with answers)
PopularSample Practice Questions for Test 1 with Answers Semester 2, 2016/2017 
Prepared by Dr. Weina 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 (answer: 2400/0.6 = $4000; $4000/$10 = 400 shares) 
D. 600 shares 
E. 800 shares 
 
2.	Assume you sold short 100 shares of common stock at $40 per share. The ini...
Examen
Sample Practice Questions for Test 1 with Answers Semester 2, 2016/2017 Prepared by Dr. Weina Zhang
Sample Practice Questions for Test 1 with Answers Semester 2, 2016/2017 
Prepared by Dr. Weina 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 (answer: 2400/0.6 = $4000; $4000/$10 = 400 shares) 
D. 600 shares 
E. 800 shares 
 
2.	Assume you sold short 100 shares of common stock at $40 per share. The ini...
Examen
Sample Practice Questions for Test 1 with Answers Semester 2, 2016/2017 Prepared by Dr. Weina Zhang
Sample Practice Questions for Test 1 with Answers Semester 2, 2016/2017 
Prepared by Dr. Weina 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 (answer: 2400/0.6 = $4000; $4000/$10 = 400 shares) 
D. 600 shares 
E. 800 shares 
 
2.	Assume you sold short 100 shares of common stock at $40 per share. The ini...
Examen
FIN3102 practice questions (mid-term with answers)
Sample Practice Questions for Test 1 with Answers Semester 2, 2016/2017 
Prepared by Dr. Weina 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 (answer: 2400/0.6 = $4000; $4000/$10 = 400 shares) 
D. 600 shares 
E. 800 shares 
 
2.	Assume you sold short 100 shares of common stock at $40 per share. The ini...