Question: You have put down $600 and borrowed $400 in order to purchase 20 shares in a company trading at $50 per share. The next day

You have put down $600 and borrowed $400 in order to purchase 20 shares in a company trading at $50 per share. The next day the share price drops unexpectedly to $32. How many shares do you have to sell (in order to pay down part of your loan) to restore the percentage margin to 60%? (Round up to the nearest integer).

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