Rylee short sold 600 shares of stock at $16.25 a share. The initial margin is 75% and the maintenance margin is 50%. The stock is currently selling for $19.50 a share. What is Rylee's account equity at this time? Ignore margin interest.
A) $1,070.75
B) $3,590.25
C) $5,362.50
D) $8,950.00
E) $10,510.35
Correct Answer:
Verified
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