Question
Jennifer has a short position in IBM. She is shorting 47 shares. The total amount of cash in the brokerage account is $6,391.12. The initial
Jennifer has a short position in IBM. She is shorting 47 shares. The total amount of cash in the brokerage account is $6,391.12. The initial margin is 59.70% and the maintenance margin is 37.25%. Assume that the price of IBM follows a normal distribution with mean 106.12 and standard deviation 11.68. If the price of IBM is in the lowest 2.28% of the distribution, what is Amanda's equity ratio?
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The Handbook Of Traditional And Alternative Investment Vehicles Investment Characteristics And Strategies
Authors: Mark J. P. Anson, Frank J. Fabozzi, Frank J. Jones
1st Edition
0470609737, 978-0470609736
