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Question
Today, you short sold 1,100 shares of Jasper Industrial stock at $48 a share. The initial margin is 60 percent and the maintenance margin is 30 percent. Which one of the following is correct concerning your account balance sheet for this transaction?A. You have an asset of $31,680 from the sale proceeds.
B. You have a liability from the short position of $21,120.
C. Your account equity is $21,120.
D. Your initial margin deposit is $15,840.
E. Your total assets are $84,480.
Answer
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