Assume you sold short 100 shares of common stock at 70 per, Finance Basics

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Assume you sold short 100 shares of common stock at 70 per

Question: Assume you sold short 100 shares of common stock at $70 per share. The initial margin is 50%. What would be the maintenance margin if a margin call is made at a stock price of $85? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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