Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

You sold short 200 shares of Stock B at $25 per share. You have put additional $2,500 to meet the initial margin requirement. What is

image text in transcribed

You sold short 200 shares of Stock B at $25 per share. You have put additional $2,500 to meet the initial margin requirement. What is the margin of your account if the stock price rises to $29? Enter your answer as a decimal, rounded to two decimal places. a

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions