Finra Exam Series-7 Topic 4 Question 104 Discussion

Actual exam question for Finra's Series-7 exam

Question #: 104
Topic #: 4

[All Series-7 Questions]

Bubba sells short 100 XYZ at $60 and makes the required Regulation T deposit of 50%. XYZ then rises I price to $65.

At this point what is the credit balance?

A$2,500

B$3,500

C$6,000

D$9,000

Show Suggested Answer

Suggested Answer: B

deductions from gross income to offset lower value of equipment. Depreciation is the deduction of costs for capital assets as their value declines.

by Rusty at Dec 09, 2024, 08:00 PM

Limited Time Offer

25%

Off

Contribute your Thoughts:

Submit Cancel

19 days ago

I'm not sure, but based on the scenario, it seems like the credit balance should indeed be $3,500.

upvoted 0 times

...

20 days ago

I agree with Loise, because Bubba sold short 100 XYZ at $60 and made a 50% deposit, so the credit balance should be $3,500.

upvoted 0 times

...

23 days ago

I think the credit balance is $3,500.

upvoted 0 times

...