Mark short sold 500 shares of stock at $12.50 a share. The initial margin is 80% and the maintenance margin is 50%. The stock is currently selling for $9.80 a share. What is Matt's account equity at this time? Ignore margin interest.
A) $2,070
B) $4,590
C) $6,350
D) $8,950
E) $10,510
Correct Answer:
Verified
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