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Business, 18.02.2020 20:18 Ashbff18

Mr. Smith has been bearish about ABC common stock and decides to sell short 1,000 shares @40 in his margin account. The stock later declines to $35. What is Mr. Smith's equity in his margin account after the decline in the market value of the stock?

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Mr. Smith has been bearish about ABC common stock and decides to sell short 1,000 shares @40 in his...
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