You short sold 450 shares of stock at a price of 33 and an, Ask an Expert

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You short sold 450 shares of stock at a price of $33 and an initial margin of 50 percent. If the maintenance margin is 30 percent, at what share price will you receive a margin call? What is your account equity at this stock price? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92411917

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