The correct answer is a) $3900
minimum maintenance on short accounts is 30% of the
current market value. The credit balance is $28,000.
The market value can be found by subtracting the equity
($15,000) from the credit balance ($28,000). This
puts the short market value at $13,000. $13,000 times
30% is $3900.
© 2004 American Investment Training, Inc.
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