You sold short 200 shares of common stock at $60 per share.The initial margin is 60%.Your initial investment was

Name: You sold short 200 shares of common stock at $60 per share.The initial margin is 60%.Your initial investment was
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Question

Quizplus · Accepted Answer

To find the initial investment, we need to multiply the number of shares sold short by the price per share and then by the initial margin percentage:
200 shares x $60 per share x 60% = $7,200
Therefore, the correct choice is D.

You Sold Short 200 Shares of Common Stock at $60