You shorted 250 shares of Apple (AAPL) at $225. Your broker has a 60% margin requirement....
You shorted 250 shares of Apple (AAPL) at $225. Your broker has a 60% margin requirement. What is the amount of margin required for this transaction? 90,000 56,250 22,500 33,750 none of the others
Homework Answers
Margin Requirement in Short Sale = (1 + Margin)(Value)
Margin Required = (1.60)(250*225)
Margin Required = $90,000
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