Today, you short sold 1,100 shares of Jasper Industrial stock at $48 a share. The initial margin is 60% and the maintenance margin is 30%. Which one of the following is correct concerning your account balance sheet for this transaction?
A) You have an asset of $31,680 from the sale proceeds.
B) You have a liability from the short position of $21,120.
C) Your account equity is $21,120.
D) Your initial margin deposit is $15,840.
E) Your total assets are $84,480.
Correct Answer:
Verified
Q82: You short sold 500 shares of Jasper
Q83: Last week, you sold 800 shares of
Q84: Louis purchased 300 shares of stock on
Q85: Rylee short sold 600 shares of stock
Q86: Last week, you sold 300 shares of
Q88: Elizabeth short sold 500 shares of stock
Q89: You just sold 1,200 shares of stock
Q90: Mark short sold 500 shares of stock
Q91: Jennifer believes that Northern Wine stock is
Q92: Sam is purchasing 800 shares of RPT,
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents