The correct answer is a) $3900
minimum maintenance on short accounts is 30% of the
current market value. The credit balance is $28,000.
The market value can be found by subtracting the equity
($15,000) from the credit balance ($28,000). This
puts the short market value at $13,000. $13,000 times
30% is $3900.
© 2004 American Investment Training, Inc.
Discover the minimum educational requirements and financial licenses needed to become a financial advisor in the modern corporate ...
Learn what to focus on when studying for the Series 6 while reviewing important aspects of the exam, including its content ...
Read about some of the best and most popular test prep classes for the Series 6 FINRA securities licensing exam, including ...
Learn more about the Series 6, what the examination and license are and what the license enables an individual to buy, sell ...
A securities license entitling the holder to register as a limited ...
A examination to ensure a candidate is qualified to become a ...
A person who prepares investigative reports on equity securities. ...
An exam required for individuals seeking to engage in off-exchange ...
One who provides financial advice or guidance to customers for ...
An exam offered by the Financial Industry Regulatory Authority ...