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Assume that your brokerage company requires an initial margin of 50%. Assume further that you short 600 shares of Princess Corp. at $66 per share

Assume that your brokerage company requires an initial margin of 50%. Assume further that you short 600 shares of Princess Corp. at $66 per share and the price increases to $76.

a. Calculate your percentage loss based on your current and initial equity.

b. Calculate the percentage change in the value of the stock.

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