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Matt short sold 600 shares of stock at $10.50 a share. The initial margin is 80 percent and the maintenance margin is 50 percent. The
Matt short sold 600 shares of stock at $10.50 a share. The initial margin is 80 percent and the maintenance margin is 50 percent. The stock is currently selling for $6.80 a share. What is Matt's account equity at this time? Ignore margin interest.
| $3,070 | ||
| $5,590 | ||
| $7,260 | ||
| $9,950 | ||
| $11,510 |
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Financial Issues In Emerging Economies
Authors: Rita Biswas , Michael Michaelides
1st Edition
