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You decide to sell 1 , 0 0 0 shares of Views Corp short when the stock's price is $ 3 5 per share. Your

You decide to sell 1,000 shares of Views Corp short when the stock's price is $35 per share. Your broker tells you that your margin requirement is 50 percent. At the end of one year, you buy your Views Corp. shares (cover your short sale) at $30.
How much were you required to post for collateral? (Round your answer to the nearest dollar.)

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