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Last week, you sold short 300 shares of stock for $35 a share. The initial margin requirement is 65 percent and the maintenance margin is

Last week, you sold short 300 shares of stock for $35 a share. The initial margin requirement is 65 percent and the maintenance margin is 30 percent. Today, that stock is selling for $38 a share. Construct a balance sheet for this short sale reflecting today's values.

PLEASE SHOW CALCULATIONS !

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