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You sell 100 shares of Norton Corporation short. The price of the stock is $60 per share. The margin requirement is 50 percent. If stock

You sell 100 shares of Norton Corporation short. The price of the stock is $60 per share. The "margin requirement is 50 percent. If stock goes down to $39, what is your percentage gain or loss on the initial margin (equity)? (Keep 4 decimal places)

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