Your broker allowed you to short sell 400 shares of hgy, Ask an Expert

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Your broker allowed you to short sell 400 shares of HGY corporation on January 15th. the market price was $25. your initial margin was 60% and maintenance margin is 40%. on February 12th HGY stocks soared to $35/stock. would your broker ask you to deposit more money? how much? if the answer is yes, assume that you did come up with the extra money. now on April 16th the price of HGY fell to $21.50/stock. you decide to close your short position and your broker returned your money. how much you will get back? if you take your initial deposit plus any margin calls if issued and met, how much in percentage terms did you make from this short sale?

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Financial Management, Finance

Category:- Financial Management
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