You Short 300 Shares of Stock at a Price of $37

question 102

Multiple Choice

You short 300 shares of stock at a price of $37 with a 60 percent initial margin. If the maintenance margin is 30 percent, at what price will you receive a margin call?

• A) $45.54
• B) $46.67
• C) $58.29
• D) $53.78
• E) $55.06

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Definitions:

Cephal/o

A prefix in medical terminology meaning "head."

Crani/o

A prefix related to the skull or cranium, used in medical terminology.

Carp/o

A combining form used in medical terminology referring to the wrist (carpal bones).

Cervic/o

A combining form referring to the neck or the cervix.