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Today you short sold 200 shares of Wynot stock at $35 a share. The initial margin is 60 percent and the maintenance margin is 30
Today you short sold 200 shares of Wynot stock at $35 a share. The initial margin is 60 percent and the maintenance margin is 30 percent. Which one of the following is correctly concerning your account balance sheet for this transaction?
a) Your total assets are $20,400
b) Your account equity is $11,200
c) You have an asset of $4,200 from the sale proceeds
d) Your initial margin deposit is $3600
e) You have a liability from the short position of $7,000
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