Answered step by step
Verified Expert Solution
Question
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%
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
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