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You sell 500 shares of stock short at a price of $44.32. The initial margin requirement is 50% and the maintenance margin is 20%. Part

You sell 500 shares of stock short at a price of $44.32. The initial margin requirement is 50% and the maintenance margin is 20%.

Part 1

How much money do you have to add to the account to meet the inital margin requirement?

Part 2

At what price will you first receive a margin call?

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