Recently, you sold 500 shares of stock for $16.60 a share. the sale was a short...

Recently, you sold 500 shares of stock for $16.60 a share. the sale was a short sale with an initial margin requirement of 70 percent. The maintenance margin is 35 percent. The stock is currently trading at $17.80 a share. What is your current short position in this stock?

Expert Solution

SEE THE IMAGE. ANY DOUBTS, FEEL FREE TO ASK. THUMBS UP PLEASE

CURRENT SHORT POSITION IS ASKED. I HAVE PRESENTED IT IN DOLLAR TERMS AND ALSO IN MARGIN PERCENTAGE TERMS

jeff jeffy answered 2 years ago

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