(See) Recently, you sold 1,000 shares of stock for $21,400. The sale was a short sale with an initial margin requirement of 60 percent. The maintenance
Question: Recently, you sold 1,000 shares of stock for $21,400. The sale was a short sale with an initial margin requirement of 60 percent. The maintenance margin is 30 percent. The stock is currently trading at $27.50 a share. What is your current margin position in this stock?
Deliverable: Word Document 
(Solution Library) Matt short sold 500 shares of Tall Pines stock
![[Step-by-Step] Nelson purchased 1,300 shares of stock](/images/solutions/MC-solution-library-75252.jpg "[Step-by-Step] Nelson purchased 1,300 shares of stock for $12.75 a")
[Step-by-Step] Nelson purchased 1,300 shares of stock for $12.75 a
![[All Steps] Robin sold 800 shares of](/images/solutions/MC-solution-library-75253.jpg "[All Steps] Robin sold 800 shares of a non-dividend paying stock")
[All Steps] Robin sold 800 shares of a non-dividend paying stock
(See Solution) Rudolfo purchased 900 shares of stock for $62.20 a
Solution: Assume the DJIA closed at 12,487 last night. The divisor
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