Question
Last week you sold short 500 shares of stock for $116 per share. The initial margin requirement is 70% and the maintenance margin is 35%.
Last week you sold short 500 shares of stock for $116 per share. The initial margin requirement is 70% and the maintenance margin is 35%. Today, the shares are selling for $100 per share. What is the new value of your short position? (Express your solution to two decimals of accuracy.) answer in $$$
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The VAR Implementation Handbook
Authors: Greg Gregoriou
1st Edition
007161513X, 978-0071615136
