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Great Bear Traders are bearish on the Energy Innovations stock. They short sell 10,000 shares at the $370 per share price. The stock will pay
Great Bear Traders are bearish on the Energy Innovations stock. They short sell 10,000 shares at the $370 per share price. The stock will pay a $5 dividend this year. The initial margin requirement is 60%, while the maintenance margin on short sales is 35%. If the stock rallies, how high can it go in one year before a margin call is made?
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