Question
The price of Matador is $7.24. Jenna wants to short 1,054 shares of MTDR. The maintenance margin is 25%, the initial margin is 51%. The
The price of Matador is $7.24. Jenna wants to short 1,054 shares of MTDR. The maintenance margin is 25%, the initial margin is 51%. The yearly securities lending fee (APR) is 10.56%. If the price of MTDR is $7.43 one year after she shorted the shares, what is the value of equity in the position?
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Foundations Of Financial Management
Authors: Stanley B Block, Geoffrey A Hirt
12th Edition
0073295817, 9780073295817
