You have 6,000 USD in your brokerage account. You decide to short 100 shares of Apple stock AAPL which currently trade at 200. If the minimum maintenance requirement is 25%, and Apple suddenly increases 10% following a solid eanings repot, how much cash should you post to meet the margin requirement
You have 6,000 USD in your brokerage account. You decide to short 100 shares of Apple stock AAPL which currently trade at 200. If the minimum maintenance requirement is 25%, and Apple suddenly increases 10% following a solid eanings repot, how much cash should you post to meet the margin requirement
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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You have 6,000 USD in your brokerage account. You decide to short 100 shares of Apple stock AAPL which currently trade at 200. If the minimum maintenance requirement is 25%, and Apple suddenly increases 10% following a solid eanings repot, how much cash should you post to meet the margin requirement?
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