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On May 22, 2022, you sell short 2,000 shares of MMD stock at a price of $80.60. Assume you take full advantage of the initial
On May 22, 2022, you sell short 2,000 shares of MMD stock at a price of $80.60. Assume you take full advantage of the initial margin on short sales of 150% (50%). If the maintenance margin in 130% (30%), what is the lowest MMD price at which you would receive a margin call?
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