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You just shorted 800 shares of stock A at $50 per share, hoping that the price will fall in the near future. Your broker requires
You just shorted 800 shares of stock A at $50 per share, hoping that the price will fall in the near future. Your broker requires 40% initial margin on short sale. How much cash do you have to deposit in your brokerage account? a) $32,000 b) $34.000 c) $16,000 d) $40,000
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