Problem 9 Intro You decide to sell short 290 shares at a price of $65.35 each....

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Problem 9 Intro You decide to sell short 290 shares at a price of $65.35 each. The inital margin is 50%. Part 1 How much money do you have to contribute to the account? 9475.75 Correct Attempt 1/10 for 10 pts. Assets Liabilities & Equity Sale proceeds (N*P0) 18,952 Value of shares borrowed (N*P) 18,952 Cash (50% of above) 9,476 Equity Total 28,427 Total Cash contribution: C = Initial margin * Value of shares borrowed = 0.5 * 290 * 65.35 = 9,476 9,476 28,427 Part 2 Attempt 1/10 for 10 pts. If the price rises to $77.56 after 11 months, what is the new percentage margin? 3+ decimals Submit Problem 9 Intro You decide to sell short 290 shares at a price of $65.35 each. The inital margin is 50%. Part 1 How much money do you have to contribute to the account? 9475.75 Correct Attempt 1/10 for 10 pts. Assets Liabilities & Equity Sale proceeds (N*P0) 18,952 Value of shares borrowed (N*P) 18,952 Cash (50% of above) 9,476 Equity Total 28,427 Total Cash contribution: C = Initial margin * Value of shares borrowed = 0.5 * 290 * 65.35 = 9,476 9,476 28,427 Part 2 Attempt 1/10 for 10 pts. If the price rises to $77.56 after 11 months, what is the new percentage margin? 3+ decimals Submit