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Last Week, You Sold Short 400 Shares of Stock for $33

question 14

Short Answer

Last week, you sold short 400 shares of stock for $33 a share. The initial margin requirement is 65 percent and the maintenance margin is 30 percent. Today, that stock is selling for $36 a share. Construct a balance sheet for this short sale reflecting today's values.

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Definitions:

Interactive Button

A clickable element in user interfaces that performs a specific action or function when activated by the user.

Compress

To reduce the size of a file or data set, using various algorithms, to save storage space or decrease transmission times.

Reset Button

A control element that restores software settings or devices back to their original or factory state, often used to fix issues or start fresh.

Align Table

The action or command used to arrange a table in a document or webpage to a specific position, like left, right, or center.

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