You are bearish Telecom and decide to sell short 130 shares at the current market price of $60 per share.

Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicat Problem 3-10 You are bearish on Telecom and decide to sell short 130 shares at the current market price of $60 per share. 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? (Round your answer to the nearest whole number.) Answer is complete and correct. Cash or securities to be put into brokerage IS account 3,900 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? (Round your answer to 2 decimal places.) > Answer is complete but not entirely correct. Margin call will be made at S or 61.57 X price higher