Question: i keep getting 72% but supposed to get 40% 23. (6 points) You are bearish on Netflix (NFLX) stock. The current market price is $126

i keep getting 72% but supposed to get 40%

23. (6 points) You are bearish on Netflix (NFLX) stock. The current market price is $126 per share. I You short 300 shares of NFLX stock. Initial margin for your broker is 50%, and maintenance margin is 30%. (Assume that you put up the minimum required initial margin) What will be the margin (in %) in your account if NFLX stock rises to $135? New margin = 40%

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