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Basic Question 2 of 16
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
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I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
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® 2025 Level I Curriculum, Volume 3, Module 1.