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Author Question: Jocelyn sells short 1000 shares of JKLO stock at $31.25 per share and six months later purchases the ... (Read 21 times)

C0DxHalo

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Question 1

Jessica purchased 200 shares of stock at $38 using her 70% margin account. Her maintenance margin is 40%.  Jessica has no other securities in her account. At what price will she receive a margin call?
◦ $26.60
◦ $19.00
◦ $11.40
◦ $7.60

Question 2

Jocelyn sells short 1000 shares of JKLO stock at $31.25 per share and six months later purchases the shares at $29.00 each. Ignoring margin interest and brokerage fees, Nancy will
◦ earn a total profit of $3,125.
◦ lose a total of $2,900.
◦ earn a total profit of $2,250.
◦ Lose a total of $2,250.


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Marked as best answer by C0DxHalo on Mar 29, 2022

kugyo01

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C0DxHalo

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Reply 2 on: Mar 29, 2022
Thanks for the timely response, appreciate it


Joy Chen

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Reply 3 on: Yesterday
:D TYSM

 

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