Series 7 - General Securities Representative Exam
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Your client has an unrestricted long margin account. Securities have increased by $3400 in the account today. How much will the SMA increase in this account today?
0
A
$3,400
B
$1,700
C
$5,100
D
Explanations
With Reg T at 50%, the SMA will increase by 1/2 of the appreciation of value in the account