Answered step by step
Verified Expert Solution
Question
1 Approved Answer
An investor short sells 100 shares of a stock for $20.67 per share. The initial margin is 57%, and the maintenance margin is 29%. The
An investor short sells 100 shares of a stock for $20.67 per share. The initial margin is 57%, and the maintenance margin is 29%.
The price of the stock rises to $29.69 per share. What is the margin, and will there be a margin call?
The margin in the account is _________(Round to the nearest percent.)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored 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