Question
The price of Apple Stock is currently $95.04 and you decide to sell short 600 shares. a. the initial margin is 60%. How much do
The price of Apple Stock is currently $95.04 and you decide to sell short 600 shares.
a. the initial margin is 60%. How much do you have to contribute at least to the account? b. If the price rises to $107.23, what is the new percentage margin? c. If the broker's maintenance margin is 40%. What is the maximum value the stock price can take before you are issued a margin call?
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Financial Markets And Institutions
Authors: Frederic S. Mishkin, Stanley G. Eakin
7th Global Edition
0273754440, 9780273754442
