You Just Sold 1,200 Shares of Stock Short at a Price

question 25

Multiple Choice

You just sold 1,200 shares of stock short at a price per share of $13.50.The initial margin requirement is 60 percent and the maintenance margin is 30 percent.What is your initial equity position?

• A) $6,480
• B) $7,520
• C) $9,720
• D) $10,520
• E) $16,200