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An investors initial margin transaction is the sale of 5 ABC OCT 60 calls @$3. The CMV (current market value) of ABC is $60. What

An investors initial margin transaction is the sale of 5 ABC OCT 60 calls @$3. The CMV (current market value) of ABC is $60. What is the required margin?

$1,800

$7,500

$4,500

$2,000

none of the above

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