Question $38$

$1\mathrm{.}66$ pts

A margin account:

allows an investor to borrow one hundred percent of the cost of the securities purchased.

is permitted only in wrap accounts.

can be opened by any investor who wants to purchase securities by charging them to his$/$her credit card.

attows an investor to borrow a portion of the purchase price at a reasonable rate of interest.

Question $39$

$1\mathrm{.}66$ pts

Stock of Gould and Silber Inc. has a beta of $-1.$ If the market declines by $10\%,$ Gould and Silber would be expected to

not respond to market fluctuations.

tise by $100.$

decline by $1\%.$

decline by $10\%.$