"Equity Investments":Market Organization and Structure

来源: 正保会计网校编辑：小鞠橘桔 2020/10/16 09:39:02　字体：大小

学习是一个不断积累的过程，每天学习一点，每天进步一点！为了帮助大家更高效地备考2021年CFA考试，正保会计网校每日为大家上新CFA习题供大家练习。让网校与您一起高效备考2021年CFA考试，梦想成真！

Questions 1:

An investor opens a margin account with an initial deposit of $5,000. He then purchases 300 shares of a stock at $30 each on margin, and his account requires a maintenance margin of 30%. Ignoring commissions and interest, the price at which the investor will receive a margin call is closest to:

A 、$19.05.

B、$23.08.

C、 $23.81

Questions 2:

A trader who owns shares of a stock currently trading at $100 per share places a “GTC, stop $90, limit $85 sell” order (GTC means good till cancelled). Assuming the specified stop condition is satisfied and the order becomes executed, which of the following statements is most accurate?

A 、The order becomes a market order when the price falls below $85 and remains valid for execution.

B 、The trader faces a maximum realized loss of $15.

C、 The order will be executed at either $90 or $85.

View answer resolution

【Answer to question 1】A

【analysis】

A is correct.

Equity Investments:Market Organization and Structure

【Answer to question 2】B

【analysis】

B is correct. The order becomes valid when the price falls to, or below, $90. The “limit $85 sell” indicates that the trader is unwilling to sell below $85. Thus, the trader faces a maximum loss of $15 ($100 – $85). A is incorrect. The order becomes invalid for execution when the price falls below $85. C is incorrect. The order can be executed at any prices between $85 and $90.

成功=时间+方法，自制力是这个等式的保障。世上无天才，高手都是来自刻苦的练习。而人们经常只看到“牛人”闪耀的成绩，其成绩背后无比寂寞的勤奋。小编相信，每天都在勤奋练习，即使是一点点的进步，大家一定可以成为人人称赞的“牛人”。更多CFA考试资讯，点击了解>

上一篇："Equity Investments":Overview of Equity ...

下一篇："Equity Investments":Market Efficiency