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You just short sold 400 shares of ABD stock for $12,000. The sale wasl a short sale with an initial margin requirement of 70%. The

image text in transcribed You just short sold 400 shares of ABD stock for $12,000. The sale wasl a short sale with an initial margin requirement of 70%. The maintenance margin is 40%. 8 months later. Some positive news concerning the company was released and the stock price jumped this morning to $38 per share. OUESTION \#3. Construct the balance sheet for the trade when the stock price is $38 per share

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