Question: You have a margin account with an initial margin requirement of d9%. You short 31 shares of RSS at $21.75 using your full margin. In
You have a margin account with an initial margin requirement of d9%. You short 31 shares of RSS at $21.75 using your full margin. In your initial Balance Sheet, what is the total value of your assets? [Enter your answer in dollars with 2 decimals, but do not use the "$"} You have a margin account with an initial margin requirement of 60%. You short 31 shares of RSS at $21.75 using your full margin. In your initial Balance Sheet, what is the total value of your assets? [Enter your answer in dollars with 2 decimals, but do not use the "$".)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
