You Short Sold 500 Shares of Jasper Stock at $41

question 1

Multiple Choice

You short sold 500 shares of Jasper stock at $41 a share at an initial margin of 60 percent.What is the highest the stock price can go before you receive a margin call if the maintenance margin is 40 percent?

• A) $46.86
• B) $47.08
• C) $55.50
• D) $56.90
• E) $57.40