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NEW QUESTION: 1
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?
A. $10,000
B. $5,000
C. $2,500
D. $7,500
Answer: D
Explanation:
Explanation/Reference:
Explanation: $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.
NEW QUESTION: 2
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When the Next button is available, click it to access the lab section. In this section, you will perform a set of tasks in a live environment. While most functionality will be available to you as it would be in a live environment, some functionality (e.g., copy and paste, ability to navigate to external websites) will not be possible by design.
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Please note that once you submit your work by clicking the Next button within a lab, you will NOT be able to return to the lab.
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