The price of apple stock is currently 9504 and you decide, Ask an Expert

Finance

The price of Apple Stock is currently $95.04 and you decide to sell short 600 shares.

a. the initial margin is 60%. How much do you have to contribute at least to the account?

b. If the price rises to $107.23, what is the new percentage margin?

c. If the broker's maintenance margin is 40%. What is the maximum value the stock price can take before you are issued a margin call?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91559309

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