You have sold short 1,355 shares of company LOL at $119. Your initial margin is 50% and

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You have sold short 1,355 shares of company LOL at $119. Your initial margin is 50% and your maintenance margin is 30%. A few weeks later the company paid $2 dividends and the stock price hit $102. What is your percentage margin?

Provide your answer in percentage, rounded to two decimals.

Related Book For answer-question

Fundamentals of Investments Valuation and Management

ISBN: 978-0077283292

5th edition

Authors: Bradford D. Jordan, Thomas W. Miller

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Posted Date: Jun 29, 2019 10:22 AM

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You have sold short 1,355 shares of company LOL at $119. Your initial margin is 50% and

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Fundamentals of Investments Valuation and Management

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