Penelope would like to short-sell 100 shares in Hardwood Ltd as she believes the prices are going to fall. The initial margin is 40 percent and Hardwood Ltd sells at $46 per share. How much money does Penelope need to have in her margin account to complete this transaction? $2,760 None of these answers. $4,600 $11,500 $1,840
Other questions asked by students
1 How did the Berlin Conference General Ac affect the lives of such different types...
What are the three basic ways to represent a function?Choose the correct answer below.A. The...
Remarks i Since area is a positive quantity we always take the absolute value of...
The Good Job Company manufactures windows. Its manufacturing plant has the capacity to...
Company Analysis - Review "Target" company's 10k and determine the inventory method that...
Problem 20-4A (Algo) Manufacturing: Preparation of a complete master budget LO P1, P2, P3 The...
Tell how the financial statements would change because of the transaction. Be specific about how...