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Setter company's stock price is $43. You sold short 3 lots of the stock. The initial margin is 60% and the maintenance margin is 40%.

Setter company's stock price is $43. You sold short 3 lots of the stock. The initial margin is 60% and the maintenance margin is 40%. What is your equity after this transaction. $12,900 $10,350 $7,740 $129

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