FINRA Series 7 General Securities Representative Qualification Examination (GS) Series-7 Question # 46 Topic 5 Discussion
Series-7 Exam Topic 5 Question 46 Discussion:
Question #: 46
Topic #: 5
Bubba opens a margin account and sells short 100 shares of XYZ at $50. Assuming a Reg T requirement of 50%, what is the opening balance in Bubba’s account?
$7,500. The short sale transaction is $5,000. The Reg T required deposit is $2,500 ($5,000 x 50%). Adding both results in $7,500.
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