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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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