Recently, You Sold 600 Shares of Stock for $17

question 69

Multiple Choice

Recently, you sold 600 shares of stock for $17.60 a share. The sale was a short sale with an initial margin requirement of 70%. The maintenance margin is 35%. The stock is currently trading at $18.80 a share. What is your current short position in this stock?

• A)$5,916
• B)$6,840
• C)$8,900
• D)$10,532
• E)$11,280

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Definitions:

Preexisting Beliefs

Opinions or convictions held before being exposed to new information or experiences.

Musical Genius

An exceptional natural capacity for musical creation, performance, or understanding, significantly beyond the norm.

Preexisting Beliefs

Convictions or opinions held before being exposed to new information or experiences.

Eric Church

A country music singer-songwriter known for his blend of country, rock, and blues, and hits such as "Springsteen" and "Drink in My Hand."