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A short seller short sold 20 shares of Nintex at the price of $156. The initial margin was 70%. Over the next two weeks the
A short seller short sold 20 shares of Nintex at the price of $156. The initial margin was 70%. Over the next two weeks the company paid $5 dividends per share and the price has changed to $173. How much does the investor need to put on his account to restore the percentage margin to the original 70% level?
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To calculate how much the investor needs to put on his account to restore the percentage margin to the original 70 level we first need to determine th...
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Principles of Accounting
Authors: Belverd Needles, Marian Powers, Susan Crosson
10th edition
618736611, 978-1111809508, 111180950X, 978-0618736614
