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Jennifer believes that Northern Wine stock is going to decline in value so she is short selling 1 , 0 0 0 shares at $

Jennifer believes that Northern Wine stock is going to decline in value so she is short selling 1,000 shares at $22 a share. Her initial margin requirement is 70% and the maintenance margin is 30%. What is the highest the stock price can go before she receives a margin call?
Multiple Choice
$28.77
$29.15
$30.85
$31.75
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