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Q15*. (Short Sale)7*: You recently borrowed an asset and sold it at $400 (short sale). The margin requirement was 80% of the deal. The prices

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Q15*. (Short Sale)7*: You recently borrowed an asset and sold it at $400 (short sale). The margin requirement was 80% of the deal. The prices of the asset for the past three days after the short sale were $450, $390 and $420. Calculate how much money will be on your margin account after the third day. Q16*. (Futures Contract): You recently took a long position on futures at a delivery price of $1,000. The margin requirement was 80% of the deal. The prices of the asset for the past three days after you took the position were $1,250, $1,300 and $1,120. Calculate how much money will be on your margin account after the third day

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