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On a short sale, the initial margin is 1/3 and you put $2000 down as...

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Accounting

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On a short sale, the initial margin is 1/3 and you put $2000 down as the "margin deposit". You go ahead and short the maximum number of shares allowed. If you shorted the shares at $24 apiece and the stock price is now $22, how much equity do you now have? Round to the NEAREST DOLLAR Answer: 1 A tutures contract has a "tutures price" (the price at which the underlying asset will be traded when the futures contract matures) of $33. The underlying asset currently has a price of $30. When the futures contract matures, the underlying asset has a price of $40. The futures contract is for 300 units of the underlying asset. You have a long position in the futures contract. In dollars, what is your final payoff from the futures contract? Enter a positive number for a gain and a negative number for a loss. of 3

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