Question: Plz solve the question quickly and answer correctly** ***PUT THE ANSWER IN 4 DECIMALS*** Recently, you sold 500 shares of stock for $60000. The sale

Plz solve the question quickly and answer correctly** ***PUT THE ANSWER IN 4 DECIMALS***
Recently, you sold 500 shares of stock for $60000. The sale was a short sale with an initial margin requirement of 0.65. The maintenance margin is 0.3. The stock is currently trading at $24 a share WHAT IS YOUR EQUITY AFTER PRICE CHANGE WHAT IS THE ACTUAL MARGIN WHAT IS THE MARGIN CALL PRICE
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
