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You have put down $6500 and borrowed $3500 in order to purchase 200 shares in a company trading at $50 per share. The next day
You have put down $6500 and borrowed $3500 in order to purchase 200 shares in a company trading at $50 per share. The next day the share price drops unexpectedly to $42. How many shares do you have to sell (in order to pay down part of your loan) to restore the percentage margin to 65%? (Round to the nearest integer).
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