Peter is a student at University and is now taking the Security Analysis and Portfolio...

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Finance

Peter is a student at University and is now taking the Security Analysis and Portfolio Management course. He has a brokerage account and wants to apply what he learns in class to the real world. After much analysis, he decides to sell short 100 shares of VTX at the current market price of $80 per share. The brokers initial margin requirement is 60%. Please help solve the following questions for Peter.
a) How much in cash or securities must Peter put into his brokerage account?

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