You Purchase 200 Shares of XYZ on Margin at $80

question 22

Multiple Choice

You purchase 200 shares of XYZ on margin at $80 per share. You also short sell 100 shares of ABC at $30 per share. With an initial margin requirement of 70%, find your original equity:

• A) $ 7,800.
• B) $ 2,100.
• C) $ 5,800.
• D) $13,300.

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