Bubba has a short margin account with a short market value of $22,000, a credit balance of $42,000, and SMA of $500. What is the NYSE minimum equity maintenance for this account?
A)$5,500
B)$6,000
C)$6,600
D)$12,600

Question

Quizplus · Accepted Answer

$6,600. The NYSE maintenance requirement on short margin accounts is 30%. Multiplying the short market value of $22,000 by 30% equals $6,600.

Bubba Has a Short Margin Account with a Short Market