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Answer is provided, I would like a step by step on how to find it please :) Question 69 - 76: An investor sells 100

Answer is provided, I would like a step by step on how to find it please :)

Question 69 - 76: An investor sells 100 GOODLIFE INC. stocks short at price $17. The investor's broker asks for a margin of 10% and the investor posts a total of $200 in cash. At what price level of GOODLIFE INC. does the investors face a margin call from the broker? (a) $20 (b)* $17.27 (c) $16.67 (d) Immediately when the price increases above $17

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