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On January 29, 2020, you short sell 3000 shares of IBM at the price of $104 per share. The initial margin requirement is 65% and

On January 29, 2020, you short sell 3000 shares of IBM at the price of $104 per share. The initial margin requirement is 65% and the maintenance margin is 45%. Short sales proceeds yield 2% and the initial margin yield 3% (both rates are annual rate). To what price must IBM climb for you to receive a margin call?

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