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This morning, you short sold 230 shares of Big Bank stock at $150 a share. The initial margin is 60 percent and the maintenance margin
This morning, you short sold 230 shares of Big Bank stock at $150 a share. The initial margin is 60 percent and the maintenance margin is 35 percent. Which one of the following is correct concerning your account balance sheet for this transaction?
Your initial margin deposit is $23,340. | ||
Your account equity is $54,670. | ||
You have an asset of $78,210 from the sale proceeds. | ||
You have a liability from the short position of $43,430. | ||
Your total assets are $55,200. |
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