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13. John bought 500 shares of a company at $26 per share on margin by borrowing the maximum possible amount. After 2 months the stock

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13. John bought 500 shares of a company at $26 per share on margin by borrowing the maximum possible amount. After 2 months the stock price suddenly decreases to $17. How many shares is John required to sell to bring his account in order. Assume initial margin of 50% and maintenance margin of 30%

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