Question
2. You believe the stock in Freeze Frame Co. is going to fall, so you short 600 shares at a price of $72. The initial
2. You believe the stock in Freeze Frame Co. is going to fall, so you short 600 shares at a price of $72. The initial margin is 50 percent. Construct the equity balance sheet for the original trade. Now construct the equity balance sheet for a stock price of $63 per share and a stock price of $77. What is your margin at each of these stock prices?
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Practical Financial Management
Authors: William R. Lasher
8th edition
1305637542, 978-1305887237, 1305887239, 978-1305637542
