Question
An investor short sells 400 shares of a stock for $ 20.62 per share. The initial margin is 50 %, and the maintenance margin is
An investor short sells 400 shares of a stock for $ 20.62 per share. The initial margin is 50 %, and the maintenance margin is 29 %. The price of the stock rises to $ 29.95 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
Buyable Your Guide To Building A Self Managing Fast Growing And High Profit Business
Authors: Steve Preda
1st Edition
0998447846, 978-0998447841
