FINRA Series 7 General Securities Representative Qualification Examination (GS) Series-7 Question # 18 Topic 2 Discussion

FINRA Series 7 General Securities Representative Qualification Examination (GS) Series-7 Question # 18 Topic 2 Discussion

Series-7 Exam Topic 2 Question 18 Discussion:
Question #: 18
Topic #: 2

Bubba sells short 100 XYZ at $60 and makes the required Regulation T deposit of 50%. XYZ then rises I price to $65.

At this point what is the credit balance?


A.

$2,500


B.

$3,500


C.

$6,000


D.

$9,000


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