You Short Sold 600 Shares of a Stock at $48

question 46

Multiple Choice

You short sold 600 shares of a stock at $48 a share.The initial margin requirement is 60 percent and the maintenance margin is 30 percent.What is the amount of your total liability for this transaction as initially shown on your account balance sheet?

• A)$8,640
• B)$17,280
• C)$22,210
• D)$28,800
• E)$37,440

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Definitions:

Heart Valves

Structures within the heart that maintain unidirectional blood flow through the heart chambers, including the mitral, tricuspid, aortic, and pulmonary valves.

Pressure Gradients

A differentiation in pressure that drives the movement of fluids or gases from areas of high pressure to areas of low pressure.

Osmotic Gradients

The difference in concentration of solutes across a semipermeable membrane, which drives the movement of water.

Breathing

The process of moving air in and out of the lungs to facilitate gas exchange with the internal environment, mainly by bringing in oxygen and flushing out carbon dioxide.