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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