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QUESTION 27 Last week, you sold 500 shares of IBM stock for $25,000. The sale was a short sale with an initial margin requirement of

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QUESTION 27 Last week, you sold 500 shares of IBM stock for $25,000. The sale was a short sale with an initial margin requirement of 75 percent. The maintenance margin is 40 percent. Some negative news concerning the company was released last night and the stock price drops this morning to $25 a share. What is your current margin position in this stock? Do you receive a margin call?. TT T Arlal M3 (12pt) TEE Path: Words:0

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