Recently, you sold 300 shares of stock for $14.60 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 $16.10 a share. What is your current short position in this stock?
A) $2,916
B) $4,830
C) $7,446
D) $10,362
E) $11,976
Correct Answer:
Verified
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