Today,you Short Sold 1,100 Shares of Jasper Industrial Stock at $48

question 52

Multiple Choice

Today,you short sold 1,100 shares of Jasper Industrial stock at $48 a share.The initial margin is 60 percent and the maintenance margin is 30 percent.Which one of the following is correct concerning your account balance sheet for this transaction?

• A) You have an asset of $31,680 from the sale proceeds.
• B) You have a liability from the short position of $21,120.
• C) Your account equity is $21,120.
• D) Your initial margin deposit is $15,840.
• E) Your total assets are $84,480.

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Definitions:

Tears

The liquid produced by lacrimal glands to lubricate the eyes, containing water, electrolytes, proteins, and lipids.

Tarsal Glands

Sebaceous glands located on the eyelids, responsible for secreting oil that contributes to the tear film.

Oily Substance

Any material with a greasy or slippery consistency, often produced by the sebaceous glands of the skin.

Tears

A secretion from the lacrimal glands used to lubricate the eyes, cleanse them from irritants, and provide antibacterial protection.