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An investor short sells 300 shares of a stock for $19 per share. The initial margin is 54 %. How much equity will be initially

An investor short sells 300 shares of a stock for $19 per share. The initial margin is 54 %. How much equity will be initially required in the account to complete this transaction? In other words, what is the initial margin deposit?

The initial margin deposit is $ . (Round to the nearest dollar.)

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