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0. On Jan 1 , you sold short 400 shares of Microsoft at $30 per share. You post $7200 to the margin account. On April
0. 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? A. $1880 B. $2400 C. $3360 D. $3840 E. None of the above Step by Step Solution
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