Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 04, 2024

Suppose an investor decides to short sell 9,298 shares of Appen stock currently trading at $44 per share. The broker has a 50 percent initial

Suppose an investor decides to short sell 9,298 shares of Appen stock currently trading at $44 per share. The broker has a 50 percent initial minimum margin requirement and a 35 percent minimum maintenance margin requirement.

At what price do you get a margin call?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Finance A Quantitative Introduction

Authors: Nico Van Der Wijst

1st Edition

1107029228, 978-1107029224

More Books

Students also viewed these Finance questions

Question

12. Remove barriers to pride of work.

Answered: 1 week ago

Question

★★★★★

1. What are the dangers of having a flawed mission statement? 2. How does a flawed statement affect the development of a unit's mission statement and subsequent individual job descriptions and goals?...

Answered: 1 week ago

Question

★★★★★

Suppose an investor decides to short sell 9,298 shares of Appen stock currently trading at $44 per share. The broker has a 50 percent initial minimum margin requirement and a 35 percent minimum...

Answered: 1 week ago

Question

★★★★★

Assume the time of an algorithm is T ( n ) = ( log n ) ^ 2 . If the size is squared the time is Select one a . Squared b . Increased by constant c . Doubled d . fourfold

Answered: 1 week ago

Question

★★★★★

Pizza Land operates a pizza franchise in LA. The owner has provided the following budgeted data for next year. Revenue $11,838,000 Fixed Costs $3,198,000 Variable Costs (depends on the # of pizzas...

Answered: 1 week ago

Question

★★★★★

An executive coach started working with employees at Agency ???? ???? one month ago, and since then, Agency X ' " id="MathJax-Element-2-Frame" role="presentation" style="font-size: 121%; position:...

Answered: 1 week ago

Question

★★★★★

Which of the following statements IS NOT true for a stone attached to a string and swung in a uniform vertical circular motion? 1. The magnitude of resultant force acting on the stone changes...

Answered: 1 week ago

Question

★★★★★

Identify an example of a vision statement for an automobile manufacturing company. Multiple choice question. To offer the best luxury cars in the country To increase the number of workers in the...

Answered: 1 week ago

Question

★★★★★

a project is partially complete. the work package estimate was$297000,the contingency reserve is 34.5% and the management reserve is38.5% of the baseline. There are 2 approved change request based on...

Answered: 1 week ago

Previous Question Next Question