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A short seller short sold 20 shares of Netflix at the price of $189. The initial margin was 70%. Over the next two weeks the
A short seller short sold 20 shares of Netflix at the price of $189. The initial margin was 70%. Over the next two weeks the company paid $5 dividends per share and the price has changed to $234. How much does the investor need to put on his account to restore the percentage margin to the original 70% level?
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