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Old Economy Traders opened an account to short-sell 2,600 shares of Internet Dreams at $73 per share. The initial margin requirement was 50%. (The margin

image text in transcribed Old Economy Traders opened an account to short-sell 2,600 shares of Internet Dreams at $73 per share. The initial margin requirement was 50%. (The margin account pays no interest.) A year later, the price of Internet Dreams has risen from $73 to $80, and the stock has paid a dividend of $4.00 per share. Required: a. What is the remaining margin in the account? b. If the maintenance margin requirement is 30%, will Old Economy receive a margin call? c. What is the rate of return on the short position (treating the initial margin as the amount invested)? Complete this question by entering your answers in the tabs below. What is the remaining margin in the account

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