Answered step by step
Verified Expert Solution
Question
1 Approved Answer
On Sep 1 9 th , you sold short 5 , 2 0 0 shares of AAPL's stock at $ 1 5 6 per share.
On Sep th you sold short shares of AAPL's stock at $ per share. Your initial margin requirement is percent. Assuming there was no commission and interest fees and no dividends involved. After two weeks, AAPL's price went up to $ per share, and you received a margin call from the broker.
If you close this position, then your return would be
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started