Recently, you sold 1,000 shares of stock for $21,400. The sale was a short sale with an initial margin requirement of 60 percent. The maintenance margin is 30 percent. The stock is currently trading at $27.50 a share. What is your current margin position in this stock?© BrainMass Inc. brainmass.com June 4, 2020, 12:37 am ad1c9bdddf
Value of the stock=$21,400
Price per share=$21.4
Initial margin ...
The solution determines a margin position in stock after a short scale.