Series 7 - General Securities Representative Exam

Training Mode

Unit 1 Unit 2 Unit 3 Unit 4

Your client bought 500 shares of SPEC corp stock on margin at $100 per share with Reg T at 50%. If SPEC is now trading at $120 per share, what is your client's equity?

$41,000

A

$17,500

B

$35,000

C

$25,000

D