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Assume a speculator sold 4,000 shares of a mortgage lender X short at $33 with an initial margin of 60% and subsequently received a 40%
Assume a speculator sold 4,000 shares of a mortgage lender X short at $33 with an initial margin of 60% and subsequently received a 40% maintenance margin call. Price Shares Initial Margin Maintenance $33.00 4,000 60.00% 40.00% What is the dollar amount that must be deposited to bring account equity back up to 60%? The dollar amount that must be deposited is $ . Round your answer to two decimal places
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