Question
Maintenance margin in short sale is 130%. A customer is short 100 shares at $60 per share. Total cash on the account is $7,000. What
Maintenance margin in short sale is 130%. A customer is short 100 shares at $60 per share. Total cash on the account is $7,000. What is the deficit on the account?
Enter 0 if the minimum (maintenance) margin is satisfied and there is no deficit. Otherwise, enter the cash amount that needs to be deposited in order to satisfy the minimum margin.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
To determine whether there is a deficit in the account for the short sale we need to follow these st...
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Step: 2
Step: 3
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Applied Equity Analysis and Portfolio Management Tools to Analyze and Manage Your Stock Portfolio
Authors: Robert A.Weigand
1st edition
978-111863091, 1118630912, 978-1118630914
