1. Recently, you sold 1,000 shares of stock for $21,400. The sale was a short sale with an initial margin requirement of 60 percent. The maintenance margin is 30 percent. The stock is currently trading at $27.50 a share. What is your current margin position in this stock? Multiple Choice 24.51 percent 43.98 percent 46.69 percent 28.11 percent 32.09 percent 2. You purchased 1,000 shares of stock at $42 a share. The stock is currently selling for $45 a share. The initial margin was 70 percent and the maintenance margin is 30 percent. What is your current margin position?

Multiple Choice

• 75.00 percent

• 72.00 percent

• 25.00 percent

• 28.36 percent

• 63.59 percent