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Answer:
Explanation:
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NEW QUESTION: 2
Bubba has a short margin account with a short market value of $22,000, a credit balance of $42,000, and SMA of $500.
What is the NYSE minimum equity maintenance for this account?
A. $12,600
B. $5,500
C. $6,000
D. $6,600
Answer: D
Explanation:
Explanation/Reference:
Explanation: $6,600. The NYSE maintenance requirement on short margin accounts is 30%. Multiplying the short market value of $22,000 by 30% equals $6,600.
NEW QUESTION: 3
DRAG DROP
Answer:
Explanation:
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