CMT Level III Practice Questions - CMT Program Level III Exam

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A portfolio manager wants to limit the loss on a single position to no more than 1% of a $2,000,000 portfolio. If the entry is $50 and the protective stop is $48, how many shares can be bought?

8,000 shares 10,000 shares 20,000 shares 1,000 shares

Correct Answer:

10,000 shares

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