Question
Initial Share Price: $100 Shares Sold Short: 100 shares Initial Margin: 50% Maintenance Margin: 30% Share price drops to $70 What is Ending equity? Profit(loss)?
Initial Share Price: $100
Shares Sold Short: 100 shares
Initial Margin: 50%
Maintenance Margin: 30%
Share price drops to $70
What is Ending equity? Profit(loss)? Ending Margin? Rate of Return?
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
13th Edition
978-0073379616, 73379611, 978-0697789938
