On Jan 1, you sold short 400 shares of Microsoft at $30 per share. You post $7200
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Question:
On Jan 1, you sold short 400 shares of Microsoft at $30 per share. You post $7200 to the margin account. On April 1, you received a margin call on this trade. Assume the minimum margin requirement is 25% and you receive a margin call.
What amount must you top-up to restore to a 60% margin?
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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