Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Today, you short sold 200 shares of stock A at $34 a share. The initial margin is 60%. Which one of the following is correct
Today, you short sold 200 shares of stock A at $34 a share. The initial margin is 60%. Which one of the following is correct concerning your account balance sheet for this transaction? You have a liability from the short position of $2.720. Your initial margin deposit is $2.720. Your account equity is $4.080. You have an asset item of $4,080 from the sale proceeds
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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