27. Short Sales (LO4, CFA5) You believe that Thorn Enterprises stock is going to fall, so you...
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27. Short Sales (LO4, CFA5) You believe that Thorn Enterprises stock is going to fall, so you have decided to short sell 1,000 shares at a price of $32. Assuming the initial margin requirement is 50 percent, construct the equity account balance sheet for this trade. If the maintenance margin is 30 percent, at what price would a margin call result?
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Fundamentals Of Investments Valuation And Management
ISBN: 9781260013979
9th Edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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