0.30 Shares Maintenance margin req. 0.50 1,000 Initial margin req. On October 21, 2021, I...
50.1K
Verified Solution
Link Copied!
Question
Finance
0.30 Shares Maintenance margin req. 0.50 1,000 Initial margin req. On October 21, 2021, I shorted Intel at $56.00 a share. I closed out the short on October 27, 2021, at $48.00 a share. 1. What was my intial margin requirement? 2. What did my balance sheet look like immediately after I shorted the stock? 3. What was my net cash inflow after I closed out the short? 4. What was my return after I closed out the short? 5. How high could the price go without me getting a margin call
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
