Through a margin account, Candy Cummings short-sells 200 shares of Madison Inc. stock for $50 per share.
Question:
a. If Madison stock subsequently rises to $58 per share, what is the equity in Candy's account?
b. If Madison stock subsequently falls to $42 per share, what is the equity in Candy's account?
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Step by Step Answer:
The equity or net worth in an investors account who engage...View the full answer
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Related Book For 
Fundamentals of Investments
ISBN: 978-0132926171
3rd edition
Authors: Gordon J. Alexander, William F. Sharpe, Jeffery V. Bailey
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