Repeat Problem 23 assuming you short the 800 shares on 60 percent margin. Data From Problem 23
Question:
Repeat Problem 23 assuming you short the 800 shares on 60 percent margin.
Data From Problem 23
You believe that Rose, Inc., stock is going to fall and you’ve decided to sell 800 shares short. If the current share price is $47, construct the equity account balance sheet for this trade. Assume the initial margin is 100 percent.
Balance SheetBalance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...
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Proceeds from sale 800 47 37600 Initial margin 37600 60 22560 Assets ...View the full answer
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Related Book For 
Fundamentals of Investments, Valuation and Management
ISBN: 978-1259720697
8th edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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