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At Time 0 - Suppose you short sell 250 shares of SHSU Corp, trading at $12.20. Your broker has a 60% initial margin and a

At Time 0 - Suppose you short sell 250 shares of SHSU Corp, trading at $12.20. Your broker has a 60% initial margin and a 40% maintenance margin requirement.

At Time 1 - Suppose the stock is now selling for $14.15. What is your new account margin level?

37.95%

39.21%

35.37%

36.40%

38.68%

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