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 278/390

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
If Bubba wants to buy 100 shares of DUM at $30 per share, how much additional money must be deposited?

A. $3,000

B. $1,500

C. $2,000

D. $0

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