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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

Respuesta :

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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