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Using a margin account, 1863 shares are short sold for $13 per share. The initial margin requirement is 40%. If the price of the stock
Using a margin account, 1863 shares are short sold for $13 per share. The initial margin requirement is 40%. If the price of the stock rises to $55 per share, what is the margin in the account now? (Do NOT include the \% sign or any other text. Enter your answer as a percent and round your final answer to 2 decimal places, e.g. 110.10)
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