Question

An investor short sells 200 shares of a stock for $20.31 per share. The initial margin is 51%, and the maintenance margin is 26%. The price of the stock rises to $28.68 per share. Wha is the margin, and will there be a margin call? The margin in the account is 1%. Round to the nearest percent.)

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Home nert Page Layout Formulas Data Review View dd-Ins s Cut aCopy Σ AutoSum Wrap Text B 1 프 . Ej-., Δ. : r-ー 逻锂函Merge & Center. $, % , 弼鼎Conditional Format . Cell Insert Delete Format Paste Sort &Find & Format Painter Formatting as Table Styles2 Clear Clipboard Alignment Number Cells Edting N309 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 (4 トト1 | HIGH LOW TARGET PRICE PROCEEDS FROM SHORT SALE 200 X 20.31 INITIAL MARGIN-51% INTIAL MARGIN DEPOSIT OWN FUNDS 4062 2071.62 TOTAL ASSETS = TOTAL LIABILITIES + EQUITY = 4062 + 2071.62 = 6133.62 PRICE RISES TO 28.68 COST OF COVERING SHORT 200 X 28.68- 5736 397.62 REMAINING MARGIN IN ACCOUNT- 6133.62 5736- REMAINING MARGIN = ACCOUNT EQUITY = TOTAL ASSETS . COST OF COVERING SHORT MARGIN BALANCE (%)- 796 397.62/5736] REMAINING MARGIN/ COST OF COVERING SHORT] STOCK DIV NAV HEDGE FUND MF i EV PE EPS DIV , ABNORMAL , APV ROSS deberk | MARGIN MONEY al tax PB ROPİ 29-01-2019

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