(3 pts) Suppose you shorted 8,000 shares of Netflix (NFLX) a…
(3 pts) Suppose you shorted 8,000 shares of Netflix (NFLX) at a price of $400 per share. The initial margin is 60 percent. What is the amount of your account equity following the short?Submission Instructions:You may choose one of the following options to submit your answers:Type your complete answer directly in the answer field on Blackboard, ORType only the final answer and “see answer on scratch paper” in the provided field, and show your handwritten work to the camera before proceeding to the next question.