Answered step by step
Verified Expert Solution
Question
1 Approved Answer
You decide to sell short 350 shares of MSFT at a price of $64.93 each. The initial margin requirement is 50%. Part 1 If the
You decide to sell short 350 shares of MSFT at a price of $64.93 each. The initial margin requirement is 50%.
Part 1
If the price of MSFT rises to $77.22 after 7 months, what is your new margin ratio? Enter your answer as a decimal (i.e. enter 0.01 for 1%).
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started