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16. You just sold 1,200.16 shares of stock short at a price per share of $13.50. The initial margin requirement is 60 percent and the

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You just sold 1,200.16 shares of stock short at a price per share of $13.50. The initial margin requirement is 60 percent and the maintenance margin is 30percent. What is your ?initial equity position (1 ) A. $6,480 O B. $7,520 O C. $9,720 O D. $10,520 O

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