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You are bearish on TSLA stock and decide to take a short position. TSLA is initially selling for $280 per share and initial margin requirements

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You are bearish on TSLA stock and decide to take a short position. TSLA is initially selling for $280 per share and initial margin requirements are 50%. Assume that you short 500 shares and put up the minimum initial margin requirement. If TSLA stock falls to $255 per share, what is the new margin level in your account

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