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a. Assume that you short sold 300 shares of ANK Inc, at $50 per share. The initial margin requirement (IMR) for short sales is 50

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a. Assume that you short sold 300 shares of ANK Inc, at $50 per share. The initial margin requirement (IMR) for short sales is 50 percent and the maintenance margin requirement (MMR) is 30 percent. A week later the price has increased to $53 per share. What is your short sale equity at that point? (10 pts)

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