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FINRA Series 7

Category - Series 7

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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?

$10,000
$7,500
$5,000
$2,500

Explanation

Answer: B - $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.

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