Business

Billy Chase

1 March, 10:49

A new client opens up a margin account at the firm. The client wishes to perform a short sale as their first transaction. They wish to sell short 1,000 shares of MNO corporation, which is currently trading at $2.25 per share. How much must this client deposit assuming no other deposits have been made at this time?

[A] The client must deposit $1,125.

[B] The client must deposit $2,250.

[C] The client must deposit $2,500.

[D] The client must deposit $4,500

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