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An investor writes ( sells ) a call option to buy 3 0 0 shares. Option cost = $ 3 . Strike price = $

An investor writes

(

sells

)

a call option to buy

300

shares.

Option cost

=

3 .

Strike price

=

50

Current stock price

=

48

What is the initial margin? Round to the nearest dollar and do not use a dollar sign in your answer

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