You are bearish on Telecom and decide to sell short $210$ shares at the current market price of $$80$ per share.

Required:

a$.$ How much in cash or securities must you put into your brokerage account if the broker's initial margin requirement is $50\%$ of the value of the short position?

b$.$ How high can the price of the stock go before you get a margin call if the maintenance margin is $30\%$ of the value of the short position?

Complete this question by entering your answers in the tabs below.

Required A

How much in cash or securities must you put into your brokerage account if the broker's initial margin requirement is $50\%$ of the value of the short position?

Note: Round your answer to the nearest whole dollar.

Cash or securities to be put into brokerage account