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Find amount of margin call at the margin call price

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Reference no: EM132642044

You took a short position in 546 LRD stocks when the market price was BID $48.35 and ASK $48.54, with a broker who offered 50% initial margin. If the margin call price is $54.72, what would be the amount of margin call at the margin call price?

Reference no: EM132642044

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