You shorted 600 shares of MMM for $105 per share using an inital margin of 80%....

You shorted 600 shares of MMM for $105 per share using an inital margin of 80%. At the moment the stock is trading for $99. What is your current margin (in %)?

Expert Solution

ANSWER IN THE IMAGE ((YELLOW HIGHLIGHTED). FEEL FREE TO ASK ANY DOUBTS. THUMBS UP PLEASE. THUMBS UP PLEASE.

Current Margin= 90.91%

jeff jeffy answered 2 years ago

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