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Assume an investor shorted 1,000 shares of Company Y at $16.00 using a 50% margin. Following a sharp rise in the stock to s19.20, the

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Assume an investor shorted 1,000 shares of Company Y at $16.00 using a 50% margin. Following a sharp rise in the stock to s19.20, the investor has. recelved a maintenance margin call. At this point, the investor is required to wire sufficient funds to bring account equity back to 50%. This information is summarized in the following table: How much in additional funds must be added to the account to bring account equity back to sos? Addetional funds in the amount of 3 Inust be added to the account. Alound your answer to the nearest cent

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