Recently,you sold 500 shares of stock for $16.60 a share.The sale was a short sale with an initial margin requirement of 70 percent.The maintenance margin is 35 percent.The stock is currently trading at $17.80 a share.What is your current short position in this stock?
A) $4,916
B) $6,830
C) $8,900
D) $10,362
E) $11,976
Correct Answer:
Verified
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