2) Suppose that you sell short 200 shares of Zoom, currently selling for $640 per...
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2) Suppose that you sell short 200 shares of Zoom, currently selling for $640 per share. Your broker requires an initial margin of 50 percent and a maintenance margin of 30 percent. a) How much money do you need to add initially to your margin account? b) At what price and above would you receive a margin call? (You can ignore the interest incomes & expenses in the margin account)
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