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Last week, vou sold 500 shares of ABC stock for $8.300. The sale was a short sale with an initial marrin requirement of 75 percent.

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Last week, vou sold 500 shares of ABC stock for $8.300. The sale was a short sale with an initial marrin requirement of 75 percent. The maintenance marinis 35 percent. Some positive news concerning the company was released last night and the stock price jumped this morning to 550 a share. What is your current margin position in this stock

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