Question
Stella wants to short 53 shares of Moderna (tic:MRNA). The price of MRNA when the position was opened is $52.02. The initial margin is 40%,
Stella wants to short 53 shares of Moderna (tic:MRNA). The price of MRNA when the position was opened is $52.02. The initial margin is 40%, the maintenance margin 22%. The short interest is 50.50%. If the price of MRNA goes to $69.19 one year after, what is the equity in the position (at the end of the first year)?
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Financial Literacy And Money Script A Caribbean Perspective
Authors: Christine Sahadeo
1st Edition
3319770748, 978-3319770741
