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Assume an investor shorted Company Y at a price of $ 4 6 . 5 using a 5 0 % margin. This information is summarized
Assume an investor shorted Company Y at a price of $ using a margin. This information is summarized in the following table:
Price Initial Margin Maintenance Margin
$
At what price would the investor face a maintenance margin call?
The investor would face a maintenance margin call at a price of $
Round your answer to the nearest cent.
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