Series 7 practice questionmediumMargin Accounts 7
What is the minimum maintenance equity in a long margin account with securities worth $9,500?
- A$4,750
- B$2,375✓ Correct answer
- C$2,850
- D$1,900
Explanation
Why B — $2,375
FINRA minimum maintenance for long equity positions is 25% of the current market value. Twenty-five percent of $9,500 is $2,375.
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