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Sam sells short 18187 shares of ABC common stock on margin at $308 per share. The initial margin is 56% and the maintenance margin is
Sam sells short 18187 shares of ABC common stock on margin at $308 per share. The initial margin is 56% and the maintenance margin is 25%. What is the price threshold for margin call? (Assume the stock pays no dividends, ignore interest on any deposits and fees for borrowing shares.)
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