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Alja [10]
4 years ago
9

You sold short 100 shares of common stock at $45 per share. The initial margin is 50%. At what stock price would you receive a m

argin call if the maintenance margin is 35%?
Business
1 answer:
loris [4]4 years ago
4 0

Answer:

The answer is $50

Explanation:

100(45) * 0.5 + 4500= $6750

[6750-100x] / 100x = 0.35

6750 = 135x

<u>x = $50</u>

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