Series 7 practice questionmediumMargin Accounts 3
What is the minimum maintenance equity in a long margin account with securities worth $5,500?
- A$2,750
- B$1,375✓ Correct answer
- C$1,650
- D$1,100
Explanation
Why B — $1,375
FINRA minimum maintenance for long equity positions is 25% of the current market value. Twenty-five percent of $5,500 is $1,375.
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