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You are considering selling a stock short that is currently trading at its 52-week high and you found one in AutoNation, Inc. (NYSE: AN) with
You are considering selling a stock short that is currently trading at its 52-week high and you found one in AutoNation, Inc. (NYSE: AN) with a current price of $127.00 per share. You decide to sell short 200 Shares of AN. The Initial Margin is 50% and Maintenance Margin is 30%. AN does not pay any Dividends. The stock price decreases to $117.00 per share. What is the Return on Investment for this short sale of AN? O Plus 8.55%. O Minus 8.55%. Plus 15.75% O Minus 15.75%
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