Last week, you sold 300 shares of ABC stock for $6,300. The sale was a short sale with an initial margin requirement of 70%. The maintenance margin is 40%. Some positive news concerning the company was released last night and the stock price jumped this morning to $28 a share.

What is your current margin position in this stock?

Answer rating: 100% (QA)

To determine your current margin position in the stock we need to calculate the initial margin maint... View the full answer