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Intro You decide to sell short 290 shares at a price of $71.93 each. The inital margin is 50%. For this question, assume that the
Intro You decide to sell short 290 shares at a price of $71.93 each. The inital margin is 50%. For this question, assume that the lending rate associated with the borrowed shares is 0% and that your cash earns no interest when held by your broker. Part 1 | Attempt 1/5 for 10 pts. How much of your own money do you have to contribute to the account? 0+ decimals Submit Part 2 | Attempt 1/5 for 10 pts. If the price rises to $84.14 after 2 months, what is your new margin ratio (expressed as a decimal)? 3+ decimals
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