Series 4 Question of the Week
An investor has a margin account as follows. Regulation T is 50%.
Long 100 XYZ @ 80\tab Debit Balance $11,700
Long 100 PDQ @ 100\tab SMA -0-
He sells 20 shares of PDQ for $2,000. The SMA can be credited with:
The investor’s account is restricted however 50% of all sale proceeds must be credited to SMA.