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Last week, you sold 500 shares ofABC stock for $8,300 The sale was a short sale with an initial margin requirement of 75 percent The

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Last week, you sold 500 shares ofABC stock for $8,300 The sale was a short sale with an initial margin requirement of 75 percent The maintenance margin is 35 percent. Some positive news concerning the company was released last night and the stock price jumped this morning to $50 a share. What is your current margin position in this stock

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