MENU
Bubba is opening a margin account with a member organization. He wishes to purchase 100 shares of XYZ at $15 per share.
What is Bubba's initial cash deposit?
Suggested Answer: C
Get Premium Series-7 Questions
as Interactive Web-Based Practice Test or PDF
Real Exam Format
Detailed Explanations
Instant Access
Get Your Practice Test
$1,500. The NYSE minimum requirement is the lower of $2,000 or 100% of the account.
11 comments · newest first
SO
Son
1 year ago
Totally agree, $1,050 seems spot on!
ET
Ettie
1 year ago
Wait, are we sure about the margin rules here?
SH
Shantay
1 year ago
I think it’s $1,050, right? That’s what I calculated.
CE
Cecilia
1 year ago
Gotta be $750 for 100 shares at $15 each.
JA
Janella
1 year ago
Initial cash deposit is usually 50% of the purchase price.
TW
Twila
1 year ago
I feel like I might be mixing up the calculations for cash accounts and margin accounts. Is it possible that the initial deposit could be $375?
MA
Marya
1 year ago
I practiced a similar question, and I think the answer might be around $1,050, but I can't recall the exact calculation method we used.
PE
Pearlene
1 year ago
I think the initial cash deposit is usually 50% of the total cost, so that would be $750 for 100 shares at $15 each.
MA
Malinda
1 year ago
I remember that for margin accounts, you typically need to deposit a percentage of the total purchase price, but I'm not sure what that percentage is.
SH
Shaun
1 year ago
This seems like a classic integration challenge. I think I'll start by listing out the requirements - pulling data from a weather API and Salesforce - and then evaluate each option based on how well it meets those needs.
JE
Jennie
1 year ago
Hmm, I'm a bit unsure about this one. There are a lot of specific requirements to keep track of. I'll need to read through the question carefully and make sure I understand each step in the solution.