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Business, 05.05.2020 08:12 whityelaine812

Old Economy Traders opened an account to short sell 1,700 shares of Internet Dreams at $54 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 $54 to $60, and the stock has paid a dividend of $2.50 per share. a. What is the remaining margin in the account?

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Old Economy Traders opened an account to short sell 1,700 shares of Internet Dreams at $54 per share...
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