Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

i keep getting 72% but supposed to get 40% 23. (6 points) You are bearish on Netflix (NFLX) stock. The current market price is $126

i keep getting 72% but supposed to get 40%
image text in transcribed
23. (6 points) You are bearish on Netflix (NFLX) stock. The current market price is $126 per share. I You short 300 shares of NFLX stock. Initial margin for your broker is 50%, and maintenance margin is 30%. (Assume that you put up the minimum required initial margin) What will be the margin (in %) in your account if NFLX stock rises to $135? New margin = 40%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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