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An investor short sells 100 shares of a stock for $20.00 per share. The initial margin is 50%, and the maintenance margin is 30%. The

An investor short sells 100 shares of a stock for $20.00 per share. The initial margin is 50%, and the maintenance margin is 30%. The price of the stock falls to $12.00 per share. What is the margin (as a percentage), and will there be a margin call?

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