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Problem 3 - 1 5 Short Position Margin Assume an investor shorted 1 , 0 0 0 shares of Company Y at $ 2 4
Problem Short Position Margin
Assume an investor shorted shares of Company at $ using a margin. Following a sharp rise in the stock to $ the
investor has received a maintenance margin call. At this point, the investor is required to wire sufficient funds to bring account equity back to
This information is summarized in the following table:
How much in additional funds must be added to the account to bring account equity back to
Additional funds in the amount of $ must be added to the account. Round your answer to the nearest cent.
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