Margin Flashcards
1
Q
Margin Stocks/ETFs
A
Reg T: greater of 50% or 2k
2
Q
Margin Options
A
Reg T 100% or premium (max loss)
3
Q
Margin LEAPs
A
Reg T 75% of premium until 9 months to expiration
4
Q
Margin Mutual Funds
A
Not marginable for first 30 days 50% after
5
Q
Margin Corp Bonds
A
Greater of 7% of face value or 20% of market value
6
Q
Margin Muni Bonds
A
Greater of 7% of face value of 15% of market value
7
Q
Capital Surplus
A
Also known as Paid-In Capital
When a company sells stock to the public above par value