An investor purchased 500 shares of ABC Security at $1.90 per share in early morning trading, promising to deposit sufficient margin before business the following morning. If the shares ranged in price from $1.60 to $2.05 during the day before business the following morning. If the shares ranged to deposit, assuming that he started the day with no cash or securities in his account?
A.$438 B.$780 C.$790 D.$950
Why choose B?
Maximum Equity Loan Value (margin required)
At $2.00 and over 50% of market value
At $1.75 to $1.99 40% of market value
At $1.50 to $1.74 20% of market value
Under $1.50 No loan value
Securities Eligible for Reduced Margin* 70% of market value
按照这个表格，这道题是找1.7的margin是20%，1.9*500=950, 1.7*500*20%=170, 950-170=780