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Business, 24.12.2020 16:00 06jesher44395

Old Economy Traders opened an account to short-sell 1,000 shares of Internet Dreams at $90 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 $90 to $98.00, and the stock has paid a dividend of $14.00 per share. a. What is the remaining margin in the account

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