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Exam Series 7 topic 1 question 334 discussion

Actual exam question from FINRA's Series 7
Question #: 334
Topic #: 1
[All Series 7 Questions]

Bubba has a short margin account with a short market value of $22,000, a credit balance of $42,000, and SMA of $500.
What is the NYSE minimum equity maintenance for this account?

  • A. $5,500
  • B. $6,000
  • C. $6,600
  • D. $12,600
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Suggested Answer: C 🗳️
$6,600. The NYSE maintenance requirement on short margin accounts is 30%. Multiplying the short market value of $22,000 by 30% equals $6,600.
by lolojepu at April 6, 2025, 2:19 a.m.

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