[Solved] At what stock price will you get a margin

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At what stock price will you get a margin call? You short sell 248 shares of XOM at $40. Initial required margin is 50% margin

At what stock price will you get a margin call?

You short sell 248 shares of XOM at $40.

Initial required margin is 50% margin whereas maintenance margin is 32%

You earn no interest on the funds in your margin account, and the firm does not pay any dividends.

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