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finlep [7]
4 years ago
12

"A customer has an existing short margin account with credits of $16,000 and a short position in ABC stock worth $10,000. The SM

A in the account is $1,000. If the market value of ABC falls to $9,000, the equity is:"
Business
1 answer:
Gekata [30.6K]4 years ago
6 0

Answer:

Equity= $7,000

Explanation:

A customer has an existing short margin account that contains credit of $16,000

The short position in ABC stock is worth $10,000

The SMA in the account is $1,000

Therefore, if the market value of ABC falls down to $9,000 then, the equity can be calculated as follows

Equity= $16,000-$9,000

=$7,000

Hence the equity is $7,000

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