Old economy traders opens an account to short 1,000 shares of internet Dreams. The current price of internet dreams is $80. The initial margin requirement (T-bills or cash) is 50%. Which of the following best describes the asset side of your account with the broker after the short sale?
A) $80,000 cash from the short sale
B) $40,000 in T-bills.
C) The dollar amounts in (a) and (b)