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A year ago, you sold short 200 shares of Sysco Corp. at $77.50 per share. You posted the required 50% margin, and the maintenance margin
A year ago, you sold short 200 shares of Sysco Corp. at $77.50 per share. You posted the required 50% margin, and the maintenance margin is 30%. Since then, Sysco paid a dividend of $2 per share. You just received a margin call, so the Sysco's share price today must be at least ___. (your margin account pays no interest)
A. $87.88 B. $92.30 C. $95.52 D. $98.77
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