Question
on January 1, you open a brokerage account and sell short 750 shares of Tesla, inc at 110.00 per share. The initial margin requirement is
on January 1, you open a brokerage account and sell short 750 shares of Tesla, inc at 110.00 per share. The initial margin requirement is 60.00% and the maintenance margin requirement is 30.00%. you will get a margin call at what price if the maintenance margin requirement is 30.00% of the value of the short position?
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Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett
5th Edition
0078034663, 978-0078034664
