Series 7 - General Securities Representative Exam
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Your client owns 20 PQRS December 90 Calls in a margin account. PQRS increased to $100 and your client sold the calls. How much must the client deposit upon making the sale?
$200,000
A
0
B
$100,000
C
$180,000
D
Explanations
Your client already owned the calls. She sold them. There is no deposit required