Question
Recently, you sold 500 shares of stock for $16.60 a share. the sale was a short sale with an initial margin requirement of 70 percent.
Recently, you sold 500 shares of stock for $16.60 a share. the sale was a short sale with an initial margin requirement of 70 percent. The maintenance margin is 35 percent. The stock is currently trading at $17.80 a share. What is your current short position in this stock?
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ISE Analysis For Financial Management
Authors: Robert C. Higgins Professor, Jennifer Koski
13th International Edition
1265042632, 9781265042639
