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An investor short sells 100 shares of a stock for $23.41 per share. The initial margin is 55%. Ignoring transaction costs, how much will be

An investor short sells 100 shares of a stock for $23.41 per share. The initial margin is 55%. Ignoring transaction costs, how much will be in the investor's account after this transaction if this is the only transaction the investor has undertaken and the investor has deposited only the required amount?

The amount in the investor's account after this transaction is $ . (Round to the nearest cent.)

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