Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 05, 2024

23. (6pts) You are bearish on Netflix stock. The current market price is $126 per share. You short 300 shares of NFLX stock. Initial margin

23. (6pts) You are bearish on Netflix stock. The current market price is $126 per share. You short 300 shares of NFLX stock. Initial margin for your broker is 50% and Maintenance Margin is 30%. (Assume that you put up the minimin required initial margin)

What will be the margin (in %) in your account if NFLX stock rises to $135?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions

Question

=+Dependent variable is: Delay/person R-squared = 80.7% R-squared (adjusted) = 78.5% s = 6.316 with 68 - 8 = 60 degrees of freedom Source Sum of Squares df Mean Square F-ratio Regression 10013.0 7...

Answered: 1 week ago

Question

★★★★★

(Income Statement, Irregular Items) Rap Corp. has 100,000 shares of common stock outstanding. In 2004, the company reports income from continuing operations before taxes of $1,210,000. Additional...

Answered: 1 week ago

Question

★★★★★

Write a function that each time it is clicked will do the following: 1. Turn the background of the page light blue. 2. Add another Hl to the page that says "So Long 13 3. Changes the font color for...

Answered: 1 week ago

Question

★★★★★

You are the chief accountant of Deighton plc, which manufactures a wide range of building and plumbing fittings. It has recently taken over a smaller unquoted competitor, Linton Ltd. Deighton is...

Answered: 1 week ago

Question

★★★★★

Requests for reduce tasks are not made until ____% of map tasks are completed (Fill in the blank _____) a. 100% b. 5% c. 50% d. 1%

Answered: 1 week ago

Question

★★★★★

Denver Co. is about to order supplies from Canada that are denominated in Canadian dollars (C$). It has no other transactions in Canada and will not have any other transactions in the future. The...

Answered: 1 week ago

Question

★★★★★

Your client uses the Deposit feature to record retainers in QuickBooks Online. The customer paid a deposit of $600, and you create an invoice for $1,500 worth of work. Where does the outstanding...

Answered: 1 week ago

Question

★★★★★

Successful implementation of strategy depends upon the congruence of both formal and informal parts of an organization. Which of the following is POOR advice to minimize the performance gap (i.e.,...

Answered: 1 week ago

Question

★★★★★

A public health class is tasked with creating a mock response to a hurricane situation. Instructions included assuring the plan included common terminology. Which of the following would be an example...

Answered: 1 week ago

Previous Question Next Question