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Maintenance margin in short sale is 130%. A customer is short 100 shares at $60 per share. Total cash on the account is $7,000. What
Maintenance margin in short sale is 130%. A customer is short 100 shares at $60 per share. Total cash on the account is $7,000. What is the deficit on the account?
Enter 0 if the minimum (maintenance) margin is satisfied and there is no deficit. Otherwise, enter the cash amount that needs to be deposited in order to satisfy the minimum margin.
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