Question: 5 0.33 points eBook Print References Additional Problem 3-5 Suppose that you just short sold 100 shares of Quiet Minds stock for $86.00 per share.

5 0.33 points eBook Print References Additional Problem 3-5 Suppose that you just short sold 100 shares of Quiet Minds stock for $86.00 per share. Required: a. If the initial margin requirement is 60%, how much equity must you invest? (Round your answer to the nearest dollar) Equity b. Construct the balance sheet that corresponds to the transaction described in requirement a. Stock T-bills Total assets Assets Liabilities and Equity Short position (100 shares) Equity Total liabilities and equity

Suppose that you just short sold 100 shares of Quiet Minds stock for $86.00 per share. Required: a. If the initial margin requirement is 60%, how much equity must you invest? (Round your answer to the nearest dollar) b. Construct the balance sheet that corresponds to the transaction described in requirement a

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