Bubba is opening a margin account with a member organization. He wishes to purchase 100 shares of XYZ at $15 per share. What is Bubba's initial cash deposit?
A)$375
B)$1,050
C)$1,500
D)$2,000

Name: Bubba is opening a margin account with a member organization. He wishes to purchase 100 shares of XYZ at $15 per share. What is Bubba's initial cash deposit? A)$375 B)$1,050 C)$1,500 D)$2,000
Brand: Quizplus
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Question

Quizplus · Accepted Answer

$1,500. The NYSE minimum requirement is the lower of $2,000 or 100% of the account.

Bubba Is Opening a Margin Account with a Member Organization