FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

You sold short 400 shares of stock for $45 per share. The initial margin requirement on this stock is 70% and the maintenance margin is

You sold short 400 shares of stock for $45 per share. The initial margin requirement on this stock is 70% and the maintenance margin is 40%. The stock is currently trading at $48 per share. What is your current margin position? (Express your solution as a decimal with four digits of accuracy.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

The Complete Guide To Property Finance

The Complete Guide To Property Finance

Authors: Richard W J Brown

1st Edition

1739832027, 978-1739832025

More Books

Students also viewed these Finance questions

Question

★★★★★
In July, the following transactions occurred for Andys Fitness Training Studio of Sydney: Required a. The ledger is already set up for you based on the Chart of Accounts. b. Journalize (all page 1)...

Answered: 1 week ago

Question

★★★★★
During the American Revolution, women faced many challenges while running their households. Often depending on the men of the house only benefited very few, such as women who were married with...

Answered: 1 week ago

Question

★★★★★
=+1. Examine displays to see if the conditions of your model are satisfied.

Answered: 1 week ago

Question

★★★★★
Petal Providers Corporation, described in Problem 5, is interested in estimating its sustainable sales growth rate. Last year, revenues were $1 million; net profit was $50,000; investment in assets...

Answered: 1 week ago

Question

★★★★★
Anderson Steel Company began 2016 with 570,000 shares of common stock outstanding. On March 31, 2016, 180,000 new shares were sold at a price of $60 per share. The market price has risen steadily...

Answered: 1 week ago

Question

★★★★★
I got most of the answers but some i got wrong! Exercise 1-7 Prepare a statement of stockholders equity (L03) At the beginning of the year (January 1), Buffalo Drilling has $11,000 of common stock...

Answered: 1 week ago

Question

★★★★★
Assume that the State of Florida passed a law banning the importation of baitfish. This is an environmental law designed to protect the state's fish from nonnative predators and parasites....

Answered: 1 week ago

Question

★★★★★
You have a food budget for the week of $50, which you can spend on rice or vegetables. Rice costs $1 per meal, and vegies cost $4 per meal. Your main preference is to have 20 meals per week. Fewer...

Answered: 1 week ago

Question

★★★★★
Prior to beginning work on this discussion forum, review Chapters 1, 2 and 3 of your textbook, Principles of Microeconomics and the materials on the "Weekly Lecture" page. The demand for plums is...

Answered: 1 week ago

Question

★★★★★
Creating graphical display The newly created data set will be used to compare the BMI of smokers to non-smokers. Create the following graphs in Excel: Using the column labeled Smoker (not sorted by...

Answered: 1 week ago

Question

★★★★★
Case Study Given the recent Covid-19 pandemic, the academic staff of York Town Primary School (YTPS) has been mandated to work from home. This would mean that both teachers and students remain home...

Answered: 1 week ago

Question

★★★★★
Technology. Six months ago, you entered into a one-year contract with Waldos Fitness Center. In the past two months, much of the equipment has not been working properly. In addition, many days the...

Answered: 1 week ago

Question

★★★★★
As ticket manager for Help Me, Donnie, a popular new TV talk show, prepare a form letter to be sent to people who have requested and will receive tickets to the show. In addition to basic information...

Answered: 1 week ago

Question

★★★★★
Club members will handle publicity, security, setup, and cleanup; no one will have access to the building.As the companys facility manager, approve Brendas request.Waive the $150 facility-use fee...

Answered: 1 week ago

Previous Question Next Question