You have sold short 1,355 shares of company LOL at $119. Your initial margin is 50% and
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Question:
You have sold short 1,355 shares of company LOL at $119. Your initial margin is 50% and your maintenance margin is 30%. A few weeks later the company paid $2 dividends and the stock price hit $102. What is your percentage margin?
Provide your answer in percentage, rounded to two decimals.
Related Book For
Fundamentals of Investments Valuation and Management
ISBN: 978-0077283292
5th edition
Authors: Bradford D. Jordan, Thomas W. Miller
Posted Date: