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Mike believed AAPL stock was overpriced at the price of $450. He shorted 100 shares. The brokerage firm required an initial margin of 50% and

Mike believed AAPL stock was overpriced at the price of $450. He shorted 100 shares. The brokerage firm required an initial margin of 50% and a maintenance margin of 35%. The price, however, has been moving against Mikes belief. What is the threshold price above which Mike would receive a margin call?

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