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A trader decides to short sell 250 shares at the current market price of $52 per share. The initial margin requirement is 60%. One year
A trader decides to short sell 250 shares at the current market price of $52 per share. The initial margin requirement is 60%. One year later the price has now risen to $60 per share, and the stock has just paid a dividend of $2 per share. The remaining margin in the account is ?
Answer %. Answers must be entered with 2 decimal places and no dollar signs, e.g. 6 as 6.00; 32.346 as 32.35.
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