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Business, 27.03.2020 03:12 hapjajsjjz3738

Old Economy Traders opened an account to short sell 1,400 shares of Internet Dreams at $48 per share. The initial margin requirement was 50%. (The margin account pays no interest.) A year later, the price of Internet Dreams has risen from $48 to $62, and the stock has paid a dividend of $4.00 per share. a. What is the remaining margin in the account?

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