Question
In December, you sold short 100 shares of Gamestop stock at $15 per share. The initial margin requirement is 40%. You receive no interest for
In December, you sold short 100 shares of Gamestop stock at $15 per share. The initial margin requirement is 40%. You receive no interest for the cash deposited in your brokerage account.
a. Suppose there is no maintenance margin requirement. At what price will you not be able to close your position (i.e., buy the stock back)?
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Financial Management For Decision Making
Authors: Harold Jr. Bierman, Seymour Smidt
1st Edition
1587982129, 9781587982125
