Last year, Norman sold short 300 shares of GM short for $85 per share. Initial margin is
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Question:
Last year, Norman sold short 300 shares of GM short for $85 per share. Initial margin is 55% and maintenance margin is 40%.
Suppose, now, the price went up to $100. Create a balance sheet and tell me what (1) the total assets, (2) the liabilities, and (3) the equity are.
Expert Answer:
Given Short shares 300 Initial Price 85per share Initial margin 55 Maintenance marg... View the full answer
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