Today, You Short Sold 1,100 Shares of Jasper Industrial Stock

question 30

Multiple Choice

Today, you short sold 1,100 shares of Jasper Industrial stock at $48 a share. The initial margin is 60% and the maintenance margin is 30%. Which one of the following is correct concerning your account balance sheet for this transaction?

• A)You have an asset of $31,680 from the sale proceeds.
• B)You have a liability from the short position of $21,120.
• C)Your account equity is $21,120.
• D)Your initial margin deposit is $15,840.
• E)Your total assets are $84,480.

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