Maddie recently short sold 400 shares of common stock for $25 a share. Her initial margin requirement was 70% and the maintenance margin is 35%. The stock is currently trading at $22.22 a share. What is her current short position in this stock?
A) $2,666
B) $7,000
C) $8,888
D) $10,000
E) $11,333
Correct Answer:
Verified
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