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?

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 ago

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Question

You decide to sell short 260 shares at a price of $66.17 each. The inital margin is 50%.

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Expert Solution

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