The stock of Flop Industries is trading at $45. You feel the stock price will de
ID: 2637053 • Letter: T
Question
The stock of Flop Industries is trading at $45. You feel the stock price will decline, so you short 800 shares at an initial margin of 75 percent. If the maintenance margin is 25 percent, at what share price will you receive a margin call? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)
The stock of Flop Industries is trading at $45. You feel the stock price will decline, so you short 800 shares at an initial margin of 75 percent. If the maintenance margin is 25 percent, at what share price will you receive a margin call? (Do not round intermediate calculations. Round your answer to 2 decimal places. Omit the "$" sign in your response.)
Explanation / Answer
my idea is 30.6 $
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.