FINRA Series 7 General Securities Representative Qualification Examination (GS) Series-7 Question # 72 Topic 8 Discussion

FINRA Series 7 General Securities Representative Qualification Examination (GS) Series-7 Question # 72 Topic 8 Discussion

Series-7 Exam Topic 8 Question 72 Discussion:
Question #: 72
Topic #: 8

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.

$5,500


B.

$6,000


C.

$6,600


D.

$12,600


Get Premium Series-7 Questions

Contribute your Thoughts:


Chosen Answer:
This is a voting comment (?). It is better to Upvote an existing comment if you don't have anything to add.