Business, 28.01.2021 23:40 backkennedi

Last week, you sold 800 shares of Ace stock for $24,000. The sale was a short sale with an initial margin requirement of 70%. The maintenance margin is 40%. Some positive news concerning the company was released last night and the stock price jumped this morning to $35 a share. What is your current margin position in this stock?

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Last week, you sold 800 shares of Ace stock for $24,000. The sale was a short sale with an initial m...

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