Question
You've recently sold 450 shares of a stock for $51 per share. The sale was a short sale with an initial margin requirement of 65
You've recently sold 450 shares of a stock for $51 per share. The sale was a short sale with an initial margin requirement of 65 percent. The maintenance margin is 40 percent. Some positive news concerning the company was released last night and the stock price jumped this morning to $59 a share.
a. Please show the T-accounts before and after the price change
b. What is your current account equity?
c. What is your current margin position in this stock?
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Fundamentals Of Financial Management
Authors: James Van Horne, John Wachowicz
13th Revised Edition
978-0273713630, 273713639
