GMAT Practice Question Set #18 (Question 52-54)

Data Sufficiency Question #53: Stock Trading Margin Call  
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Michael's broker sends Michael a margin call if the equity balance in his account falls below $25,000 at the close of any trading day during a 30 day time period. Did the broker send Michael a margin call sometime in the last 30 days?
 
1) Michael's trading account balance declined by $250,000 at some point during the 30 day period.
 
2) At the beginning of the month, Michael's trading account balance was $125,000.
(A)

Statement 1 alone is sufficient but statement 2 alone is not sufficient to answer the question asked.

(B)

Statement 2 alone is sufficient but statement 1 alone is not sufficient to answer the question asked.

(C)

Both statements 1 and 2 together are sufficient to answer the question but neither statement is sufficient alone.

(D)

Each statement alone is sufficient to answer the question.

(E)

Statements 1 and 2 are not sufficient to answer the question asked and additional data is needed to answer the statements.

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