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Suppose a stock is currently priced at $79 per share, and you have $26,000 to invest. You think this stock is grossly overpriced and would
Suppose a stock is currently priced at $79 per share, and you have $26,000 to invest. You think this stock is grossly overpriced and would like to sell the stock short. Short sales are currently limited to a 150% margin requirement (counting the amount of the sale of stock and the margin deposit required). What is the maximum number of shares you could sell short? (Answer in whole number of shares, i.e. no decimals or partial shares.) PLEASE SHOW ALL STEPS! Thank you!
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