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The answer is (D) $65.18 Is there anyone who can solve it so that the answer is $65.18? Please explain it. 3. You sold short

The answer is (D) $65.18

Is there anyone who can solve it so that the answer is $65.18? Please explain it.

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3. You sold short 300 shares of common stock at $55 per share. The initial margin is 60%. At what stock price would you receive a margin call if the maintenance margin is 35%? (D) (A) $35.22 (B) $40.36 (C) $30.00 (D) $65.18 (E) $19.2

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