You are bullish on ABC Co$.$ stock. You put up $$5100$ to buy $360$ shares on margin. The stock is at $$28$ per share. What is on the liability$/$equity side of the initial t$-$account?

Question $6$Answer

a$.$

share value $10080\mathrm{.}00$

b$.$

short position $4980\mathrm{.}00$; equity $5100\mathrm{.}00$

c$.$

proceeds $10080\mathrm{.}00$; margin cash $5100\mathrm{.}00$

d$.$

loan $4980\mathrm{.}00$; equity $5100\mathrm{.}00$

e$.$

equity $5100\mathrm{.}00$