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FINRA Series 7

Category - Series 7

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Bubba’s margin account has securities valued at $20,000 and an $8,000 credit balance. What is the equity in Bubba’s account?

$8,080
$12,800
$20,000
$28,000

Explanation

Answer: D - $28,000. The equity is the market value plus the credit balance.

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FINRA Series 7

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FINRA Series 7

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