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FINRA Series 7

Category - Series 7

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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?

$5,500
$6,000
$6,600
$12,600

Explanation

Answer: C - $6,600. The NYSE maintenance requirement on short margin accounts is 30%. Multiplying the short market value of $22,000 by 30% equals $6,600.

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