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23. (6pts) You are bearish on Netflix stock. The current market price is $126 per share. You short 300 shares of NFLX stock. Initial margin

23. (6pts) You are bearish on Netflix stock. The current market price is $126 per share. You short 300 shares of NFLX stock. Initial margin for your broker is 50% and Maintenance Margin is 30%. (Assume that you put up the minimin required initial margin)

What will be the margin (in %) in your account if NFLX stock rises to $135?

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