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

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Definitions:

Cerebral Cortex

The outer layer of the brain's cerebrum, involved in complex functions such as memory, attention, perceptual awareness, thought, language, and consciousness.

One-Eighth Of An Inch

A measurement equivalent to 0.125 inches, often used in precision crafting or engineering to denote a small distance or thickness.

Neurons

Cells in the nervous system that transmit messages.

Growth Patterns

The typical trajectories of physical, cognitive, and socio-emotional development that individuals tend to follow from infancy through adulthood.