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Recently,you sold 1,000 shares of stock for $21,400.The sale was a short sale with an initial margin requirement of 60 percent.The maintenance margin is 30 percent.The stock is currently trading at $27.50 a share.What is your current margin position in this stock?
Taxes
Compulsory financial charges or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.
Sole Proprietorship
A business model in which a sole individual is the owner, manager, and bears the entire responsibility for the business’s liabilities and operations.
Legal Formalities
Specific procedures and requirements established by law that must be followed for certain actions or documents to be legally valid or enforceable.
Personal Liability
The legal responsibility of an individual to satisfy debts or obligations incurred through their actions or decisions.
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