Question
You short sold 1,200 shares of stock at a price of $25 and an initial margin of 70 percent. If the maintenance margin is 30
You short sold 1,200 shares of stock at a price of $25 and an initial margin of 70 percent. If the maintenance margin is 30 percent, at what share price will you receive a margin call? what is your account equity at this stock price?
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Cases in Finance
Authors: Jim DeMello
3rd edition
1259330476, 1259330478, 9781259352652 , 978-1259330476
