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Business, 17.09.2019 19:30 Andinojose

Old economy traders opened an account to short-sell 1,000 shares of internet dreams at $40 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 $40 to $50, and the stock has paid a dividend of $2 per share. a. what is the remaining margin in the account?

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