Series-7 Exam Dumps | Regulation T is set at 50%. Bubba's account contains long positions in the following securities with

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Question 137/390

Regulation T is set at 50%. Bubba's account contains long positions in the following securities with the prices listed:
100 ABC $30
200 XYZ $70
200 QBB $40
200 KKK $25
Total market value = $30,000
Debit balance in the account = $12,000
Net equity balance of the account = $18,000
Bubba wants to buy 100 shares of DUM at $30 per share and 100 shares of OUT at $120. How much additional money must be deposited?

A. $6,000

B. $7,000

C. $4,500

D. $1,500

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