Ken Rogers believes the price of Alpha Corp. stock will go down in the near future....
Ken Rogers believes the price of Alpha Corp. stock will go down in the near future. He decided to sell short 200 shares of Alpha Corp. at the current market price of $47. The initial margin requirement is 45 percent. Which of the following is an appropriate statement regarding the margin requirement that Rogers is subject to on this short sale?
Select one:
A. He will only need to leave the proceeds from the short sale as deposit and does not need to contribute any additional funds.
B. He will need to contribute $4,230 as margin.
C. He will need to contribute $5,170 as margin.
Homework Answers
Which of the following is an appropriate statement regarding the margin requirement that Rogers is subject to on this short sale-
B. He will need to contribute $4,230 as margin.
This is such because the amount of margin is always additional to the amount recieved on short selling.
so, it will be 45% of the total proceeds from the short sale
= (47*200)*45%
=9400*45%
=4230$
Add Answer to:
Ken Rogers believes the price of Alpha Corp. stock will go down
in the near future....
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