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You short sell 500 shares of GE stock at $40 per share. Suppose the initial margin is 40%. How much you need to put up?

You short sell 500 shares of GE stock at $40 per share. Suppose the initial margin is 40%. How much you need to put up?

A.

8,000

B.

12,000

C.

20,000

D.

28,000

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