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DO NOT ROUND YOUR INTERIM CALCULATIONS FOR ACCURATE RESULTS. You just short sold 4 0 0 shares of ABD stock for $ 1 2 ,

DO NOT ROUND YOUR INTERIM CALCULATIONS FOR ACCURATE RESULTS.

You just short sold $400$ shares of ABD stock for $ $12, 000 .$ The sale was a short sale with an initial margin requirement of $70 % .$ The maintenance margin is $40 % .$

QUESTION # $2 .$ At what price will lead to a margin call if the maintenance margin is $40 % .$

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