Intro The stock price of Tesla is $668. Your broker charges a rate of 0.4% on borrowed shares. Part 1 Attempt 1/5 for 10 pts. You think the stock price will go down soon, and want to short 73 shares. If the initial margin is 50%, what is the minimum additional dollar amount that you have to deposit from your own funds to your brokerage account? 24382 Correct Short-selling 73 shares gives us some cash, which must be kept in the brokerage account: Proceeds from short-selling = Number of shares * Stock price = 73 * 668 = 48,764 With an initial margin requirement of 50%, we have to add 50% of the proceeds from short-selling in the form of additional cash to the account: Extra cash = 50% * 48,764 = 24,382 Part 2 * Attempt 3/5 for 8 pts. Three months later, the stock price is $695. Tesla paid a dividend of $6 per share during the three months you were short. What is your percentage margin (entered as a decimal number) at the end of three months? 3+ decimals Submit