Matt Short Sold 900 Shares of Stock at $11

question 15

Multiple Choice

Matt short sold 900 shares of stock at $11.50 a share. The initial margin is 80 percent and the maintenance margin is 50 percent. The stock is currently selling for $6.80 a share. What is Matt's account equity at this time? Ignore margin interest.

• A) $2,070
• B) $3,590
• C) $10,350
• D) $11,950
• E) $12,510

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Definitions:

Eccrine Sweat Glands

These are responsible for producing sweat to help cool the body and are found throughout most of the body's skin.

Function

An action or activity assigned to or expected from a person or thing.

Epidermis

The outermost layer of the skin, serving as a protective barrier against environmental hazards.

Lamellated Corpuscle

A nerve ending found in the skin and other tissues that is sensitive to pressure and vibration, also known as a Pacinian corpuscle.