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Need help with practjce Sundeep has decided to short sell 1,000 VWY shares (NOT eligible for reduced margin) at the current market price of $5.70.
Need help with practjce
Sundeep has decided to short sell 1,000 VWY shares (NOT eligible for reduced margin) at the current market price of $5.70. He made the required deposit of $2,850 at the time of the transaction. Assume the price of the VWY shares declined to $3.55. What additional amount would Sundeep have to deposit in his account? a) $0 Ob) $1,710 O c) $2,475 d) $5,325 Step by Step Solution
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