Kittylover65
Kittylover65
12.08.2020 • 
Business

Which of the following statements are TRUE regarding the sale of a long position in a restricted long margin account? I. 50% of the proceeds of the sale are credited to SMA
II. 100% of the proceeds of the sale are credited to SMA
III. There is a 0% retention requirement of the sale for a restricted account
IV. There is a 50% retention requirement of the sale for a restricted account

a. I and III
b. I and IV
c. II and III
d. II and IV

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