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The current market price for ABC is $79 per share. Initial margin is 50%, maintenance margin is 35% and there is no margin interest. ABC

The current market price for ABC is $79 per share. Initial margin is 50%, maintenance margin is 35% and there is no margin interest. ABC pays annual cash dividends of $3.95 per share. You believe the stock price will decrease over the next year and wish to sell short using margin. At what price would you receive a margin call? Enter your answer rounded to two decimal places. Do not enter $ or comma in the answer box. For example, if your answer is $12,300.456 then enter as 12300.46 in the answer box.

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