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Question
Recently, you sold 500 shares of stock for $16.60 a share. The sale was a short sale with an initial margin requirement of 70 percent. The maintenance margin is 35 percent. The stock is currently trading at $17.80 a share. What is your current short position in this stock?A. $4,916
B. $6,830
C. $8,900
D. $10,362
E. $11,976
Answer
This answer is hidden. It contains 32 characters.
Related questions
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What are the advantages and the disadvantages of a homeowner selecting a 30-year mortgage rather than a 20-year mortgage?
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Which one of the following is correct concerning the total payment amount on a PO strip?A. The total payment amount equals the bond's par value.B. The total payment amount will either equal or exceed the bond's par value.C. The total payment will vary based on the PSA schedule.D. The total payment amount will increase if interest rates decline.E. The total payment amount will vary if the prepayment rate varies.
Q:
Which one of the following statements regarding an original issue $25,000 GNMA bond is correct?
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Q:
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A. advantage; advantage
B. advantage; disadvantage
C. disadvantage; advantage
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E. advantage; neutral event
Q:
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Q:
If wages grew 3.15 percent in 2013, but inflation was 2.75 percent, what was the approximate real increase in wages?
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C. 0.30%
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Q:
Assume there are 475 million people in the United States, 175 million of which make up the labor force. If 16 million are unemployed, what is the unemployment rate?
A. 8.35%
B. 9.14%
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Q:
An analyst gathered the following year-end price level data for an economy. What is the economy's annual inflation rate for 2012?A. 3.22%B. 3.42%C. 3.68%D. 3.87%E. 3.92%
Q:
Assume the inflation rate in 2012 is 2.1 percent. If the nominal GDP grew 3.2 percent and nominal wages grew 2.6 percent, what are the approximate real growth rates of GDP and wages?
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Q:
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Q:
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Q:
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Q:
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Q:
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Q:
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Q:
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Q:
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Q:
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Q:
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B. accept the call; they have no other choice
C. convert their bonds; the conversion price exceeds the par value by $37.90
D. convert their bonds; the conversion price exceeds the call price by $12.90
E. elect to continue holding their bonds; they want to continue receiving the interest payments
Q:
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C. $1,481.10
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