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Please show work, thanks! An investor short sells 300 shares of a stock for $23 per share. The initial margin is 56%. How much equity

Please show work, thanks!
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An investor short sells 300 shares of a stock for $23 per share. The initial margin is 56%. How much equity will be initially required in the account to complete this transaction? In other words, what is the initial margin deposit? The initial margin deposit is (Round to the nearest dollar.)

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