Easytaxexam.com

Colton would like to purchase as many shares of Apple stock (AAPL) as he is able. He currently has $10,000 in cash and the stock is selling for $250 a share. How many shares can he purchase if the initial margin is 70% and the maintenance margin is 35%? A) 28 sharesB) 40 sharesC) 52 sharesD) 57 sharesE) 114 shares ................
................