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Choose the best and closest answer. You just executed a short sale for 29 shares of WNI for $95.08 per share. The initial margin is
Choose the best and closest answer. You just executed a short sale for 29 shares of WNI for $95.08 per share. The initial margin is 55%. Suppose you want to ensure that you will not lose more than 42% on this short sale. You should place a:
a. Stop buy order for $135.01
b. Market buy order for $135.01
c. Limit buy order for $117.04
d. Limit buy order for $135.01
e. Market buy order for $55.15
f. Stop buy order for $117.04
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