Seacrest Capital Management sells short 1,000 shares of Intex Corp stock at $40 per share. The intial margin requirement (IMR) is 50%. The margin account pays no interest on proceeds from short sales. Maintenance margin requiremnet (MMR) is 30%

A year later, the price of Intex Corp has risen to $50 per share and the stock has paid a dividend of $2 per share.

Above what share price level will margin calls be triggered?

Question 38 options:

	$48.15
	$44.62
	$46.15
	$42.73