Question
You are bearish on Telecom and decide to sell short 100 shares at the current market price of $36 per share. How much in cash
You are bearish on Telecom and decide to sell short 100 shares at the current market price of $36 per share. How much in cash or securities must you put into your brokerage account if the brokers initial margin requirement is 50% of the value of the short position? (Round your answer to 2 decimal places.)
Initial margin: $
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
3rd Canadian Edition
978-0133035575, 133035573, 978-0133970524, 133970523, 978-0134040042
