Question: Initial margin req. = 50% Maintenance margin req. = 30% Shares = 1,000 You shorted a stock at $43.61 a share. You had a margin

Initial margin req. = 50% Maintenance margin req. = 30% Shares = 1,000

You shorted a stock at $43.61 a share. You had a margin call you couldnt meet, so your broker bought 141 shares at $52 a share. Assuming the price remained $52 a share, what was the new value of your loan after your broker purchased the shares?

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