Question
In: Finance
You decide to sell short 260 shares at a price of $66.17 each. The inital margin is 50%.
You decide to sell short 260 shares at a price of $66.17 each. The inital margin is 50%.
How much money do you have to contribute to the account?
Solutions
Expert Solution
Total money which will be required for account=(number of shares X price*(1-margin)
= (260*66.17*50%)
= 8602.10
jeff jeffy answered 2 years agoRelated Solutions
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