Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assume you sold short 100 shares of TQQQ at $40 per share. The initial margin is 60%. What would be the maintenance margin if a

Assume you sold short 100 shares of TQQQ at $40 per share. The initial margin is 60%. What would be the maintenance margin if a margin call is made at a stock price of $50?

1. 25%

2. 28%

3. 35%

4. 20%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Handbook Of Financial Instruments

Authors: Frank J. Fabozzi

1st Edition

0471220922, 978-0471220923

More Books

Students also viewed these Finance questions

Question

=+ If you are a parent (or planning to be parent someday),

Answered: 1 week ago

Question

Address an envelope properly.

Answered: 1 week ago

Question

Discuss guidelines for ethical business communication.

Answered: 1 week ago