Question
You sold short 100 shares of a stock at $150 per share. The initial margin is 50%. At what stock price would you receive a
You sold short 100 shares of a stock at $150 per share. The initial margin is 50%. At what stock price would you receive a margin call if the maintenance margin is 30%.
| A. | $195.00 | |
| B. | $133.33
| |
| C. | $166.67
| |
| D. | $173.08 | |
| E. | $138.46 | |
| F. | $105.00 |
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
Financial Management In The Sport Industry
Authors: Matthew T. Brown, Daniel A. Rascher, Mark S. Nagel, Chad D. McEvoy
3rd Edition
0367321211, 978-0367321215
