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Bubba has a short margin account with equity of $15,000 and a credit balance of $28,000. What is the
current NYSE minimum equity maintenance requirement on Bubba's account?
A. $3,250
B. $3,900
C. $3,750
D. $4,500
Answer: B
Explanation:
$3,900. The requirement for short accounts is 30% of the current market value. The market
value is $13,000 ($28,000 - $15,000). Multiplying by 30% equals $3,900.
NEW QUESTION: 2
Which of the following provides a company with the BEST equipment to minimize downtime in the event of catastrophic damage to their main datacenter?
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