Problem:
Maintenance Margin
You are bearish on XYZ stock and decide to short 100 shares at the current market price of $50 per share.
Required:
Question 1: How much in cash or securities must you have in your brokerage account if the broker's initial margin requirement is 50% of the value of the short position?
Question 2: How high can the price of the stock go before you get a a margin call if the maintenance margin is 30% the value of the short position?
Note: Please provide full description.