You have been bearish on Tesla for some time and after watching this stock go...
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Accounting
You have been bearish on Tesla for some time and after watching this stock go up substantially, you feel is time to be more bearish. You have decided to Sell Short 500 shares at the current price of $166.99. The initial margin requirement is 55% and you fully used it. The maintenance margin requirement is 28%.Â
What is the total balance in the Margin Account at the beginning of the trade? Enter your answer in the box below and round to two decimals.
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