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Short call: You deposit $ 1 2 8 , 0 0 0 cash in a brokerage account and short sell $ 2 3 7 ,

Short call: You deposit $128,000 cash in a brokerage account and short sell $237,000 of stocks on margin. The broker requires a maintenance margin of 35 percent. Later, the value of the stocks held short falls to $209,000. What is your new account margin in percent? Will you receive a margin call?

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