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Today, you short sold 200 shares of stock A at $34 a share. The initial margin is 60%. Which one of the following is correct

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Today, you short sold 200 shares of stock A at $34 a share. The initial margin is 60%. Which one of the following is correct concerning your account balance sheet for this transaction? You have an asset item of $4,080 from the sale proceeds. You have a liability from the short position of $2,720. Your initial margin deposit is $2.720. Your account equity is $4,080

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