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Author Question: How much cash would you need to purchase 500 shares of stock at $21 per share plus brokerage ... (Read 84 times)

ss2343

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Question 1

A stock that you purchased at a price of $22 per share has risen to $46 per share. You wish to avoid losing all of your your profit while still allowing an opportunity for additional gains; therefore, you should put in a sell stop order at a price of


◦ $22 per share.
◦ $40 per share.
◦ $47 per share.
◦ $53 per share.

Question 2

How much cash would you need to purchase 500 shares of stock at $21 per share plus brokerage commissions of $125, if you purchase on margin and the margin requirement is 50%?


◦ $10,625
◦ $5,312.50
◦ $10,500
◦ $5,250


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Marked as best answer by ss2343 on Apr 14, 2019

jliusyl

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jliusyl

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