Problem 24 Intro You decide to sell short 270 shares at a price of $76.9 each. The initial margin requirement is 50%. - Attempt 1/10 for 10 pts. Part 1 How much money do you have to contribute to the account? 10381.5 Correct Assets Liabilities & Equity Sale proceeds (N*Po) 20,763 Value of borrowed shares (N*P) 20,763 Cash (50% of above) 10,382 Equity 10,382 Total 31,145 Total 31,145 You have to contribute $10,382. Part 2 - Attempt 3/10 for 10 pts. If the price rises to $89.19 after 10 months, what is the new percentage margin? 3+ decimals Previous answers: 0.43112; 43.1% Submit