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Problem 2 (12 points). Last week, you sold short 400 shares of stock for $36 a share. The initial margin requirement is 65 percent and

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Problem 2 (12 points). Last week, you sold short 400 shares of stock for $36 a share. The initial margin requirement is 65 percent and the maintenance margin is 30 percent. Today, that stock is selling for $33 a share. a) Construct a balance sheet for this short sale reflecting today's values. b) What is your current margin position? a) Suppose you close out your position. What is your holding period return? b) What is your effective annual rate

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