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Alec Cela believed Chipotle Mexican Grill (CMG) stock was overpriced at the price of $450. He shorted 10 shares. The brokerage firm required an initial
Alec Cela believed Chipotle Mexican Grill (CMG) stock was overpriced at the price of $450. He shorted 10 shares. The brokerage firm required an initial margin of 55% and a maintenance margin of 40%. The price, however, has been moving against Alec's belief. What is the threshold price above which Alec receives a margin call? O $498.21 O $49.82 $4.98 O $4982.10
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