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3. Old Economy Traders opened an account to short sell 1,000 shares of Internet Dreams from the previous problem. The initial margin requirement was 50%.
3. Old Economy Traders opened an account to short sell 1,000 shares of Internet Dreams from the previous problem. The initial margin requirement was 50%. (The margin account pays no interest.) A year later, the price of internet Dream has risen from $40 to $48, and the stock has paid a dividend of $3 per share a. What is the remaining margin in the account
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