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A customer sells short 100 shares of ABC at $17 as the initial transaction in a new margin account. The customer must deposit:_______.
A. $750.
B. $1,500.
C. $2,000.
D. $3,000.

Respuesta :

Parrain

Answer: $2,000

Explanation:

Regulation T which governs such actions in the investment market would only require that the customer deposit 50% of the total amount to be called which would be;

= 50% * (100 * 17)

= $850

However, as this is a new margin account, there is a set minimum that must be reached to enable it to be open. That minimum is $2,000.

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