The price of the 3x Leveraged ETF on Gold (tic:UGLD) is $203. The initial margin is 62%. The maintenance margin is 39%. If Amber wants to short 181 shares, how much cash does she need in order to open the position?
The price of the 3x Leveraged ETF on Gold (tic:UGLD) is $203. The initial margin is 62%. The maintenance margin is 39%. If Amber wants to short 181 shares, how much cash does she need in order to open the position?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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The price of the 3x Leveraged ETF on Gold (tic:UGLD) is $203. The initial margin is 62%. The maintenance margin is 39%. If Amber wants to short 181 shares, how much cash does she need in order to open the position?
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