Suppose an investor decides to short sell 9,298 shares of Appen stock currently trading at...

80.2K

Verified Solution

Question

Finance

Suppose an investor decides to short sell 9,298 shares of Appen stock currently trading at $44 per share. The broker has a 50 percent initial minimum margin requirement and a 35 percent minimum maintenance margin requirement.

At what price do you get 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: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students