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Last week, Matt shorted 200 shares of Pirate stock at $20 per share at an initial margin of 80 percent in his new account the
Last week, Matt shorted 200 shares of Pirate stock at $20 per share at an initial margin of 80 percent in his new account the stock has since increased and closed at $25 per share today. Assurning this is his only position, (and he's incurred no commissions, fees, etc. yet), and he only put up the required initial margin, how much cash is in Matt's account today? (OMIT any %-signs or 5-signs in your answer, ie. if you get $10.00 or 12.3%, simply enter *10.00" or "12.3" as your answer.) Next
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