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Last week, Matt shorted 200 shares of Pirate stock at $20 per share at an initial margin of 80 percent in his new account; the

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Last week, Matt shorted 200 shares of Pirate stock at $20 per share at an initial margin of 80 percent in his new account; the stock has since increased and closed at $25 per share today. In spite of the recent spike, and Matt's restricted margin account status, Matt still thinks the price of Pirate stock will fall. To be prudent, however, he wants to calculate the share price that will trigger margin call if the price continues rising. What stock price (to the penny) will trigger his margin call? (OMIT any %-signs or $-signs in your answer, i.e., if you get $10.00 or 12.3%, simply enter "10.00" or "12.3" as your answer.) Last week, Matt shorted 200 shares of Pirate stock at $20 per share at an initial margin of 80 percent in his new account; the stock has since increased and closed at $25 per share today. In spite of the recent spike, and Matt's restricted margin account status, Matt still thinks the price of Pirate stock will fall. To be prudent, however, he wants to calculate the share price that will trigger margin call if the price continues rising. What stock price (to the penny) will trigger his margin call? (OMIT any %-signs or $-signs in your answer, i.e., if you get $10.00 or 12.3%, simply enter "10.00" or "12.3" as your answer.)

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