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Question
Matt short sold 600 shares of stock at $10.50 a share. The initial margin is 80 percent and the maintenance margin is 50 percent. The stock is currently selling for $6.80 a share. What is Matt's account equity at this time? Ignore margin interest.A. $3,070
B. $5,590
C. $7,260
D. $9,950
E. $11,510
Answer
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