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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