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3 May, 19:38

a customer sells short 100 shares of PDQ at $28 as the initial transaction in a new margin account. Subsequently, PDQ declines to $23 per share share in the market. What is the account's equity after the chage in market value

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  1. 3 May, 20:20
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    Answer:$500

    Explanation:

    Sell short means, borrowing shares of a company that the buyer speculates will fall in value at a later date

    Change in equity 100 (28-23) = 100*5=$500
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