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Basic Question 0 of 4
The potential gains in a long position generally are ______ and the potential losses are ______.
B. no more than the value of the securities; no more than the value of the securities
C. no more than the value of the securities; unlimited
A. unlimited; no more than the value of the securities
B. no more than the value of the securities; no more than the value of the securities
C. no more than the value of the securities; unlimited
User Contributed Comments 0
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I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
compare positions an investor can take in an asset
calculate and interpret the leverage ratio, the rate of return on a margin transaction, and the security price at which the investor would receive a margin call
CFA® 2026 Level I Curriculum, Volume 3, Module 1.