Series 7 - General Securities Representative Exam

Training Mode

Unit 1 Unit 2 Unit 3 Unit 4

Your client has sold $80,000 worth of ABC stock short. He sold 1,000 shares of ABC at $80 per share. He deposited $40,000 in cash to initiate the position. How high can the share price of ABC go before your client is required to deposit more funds to maintain the position?

$81.00

A

$92.31

B

$85.01

C

$94.45

D