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Problem 2-24 Short Sales (LO4, CFA5) You believe that Rose, Inc., stock is going to fall and you've decided to sell 900 shares short. If
Problem 2-24 Short Sales (LO4, CFA5) You believe that Rose, Inc., stock is going to fall and you've decided to sell 900 shares short. If the current share price is $55, construct the equity account balance sheet for this trade. Assume the initial margin is 70 percent. (Do not round intermediate calculations. Input all amounts as positive values.) Assets Proceeds from sale Liabilities and account equity Short position Account equity 0 Total $ Initial margin deposit Total $ 0
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