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Intro The price of Apple stock is currently $96.89 and you decide to sell short 540 shares. The inital margin is 60%. Attempt 1/3 for

Intro

The price of Apple stock is currently $96.89 and you decide to sell short 540 shares. The inital margin is 60%.

Attempt 1/3 for 10 pts.

Part 1

What's the minimum amount of money you must contribute to the account to satisfy the initial margin requirement?

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