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You sold short 400 shares of stock for $45 per share. The initial margin requirement on this stock is 70% and the maintenance margin is

You sold short 400 shares of stock for $45 per share. The initial margin requirement on this stock is 70% and the maintenance margin is 40%. The stock is currently trading at $48 per share. What is your current margin position? (Express your solution as a decimal with four digits of accuracy.)

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