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The stock of Flop Industries is trading at $ 2 9 . You feel the stock price will decline, so you short 1 , 3
The stock of Flop Industries is trading at $ You feel the stock price will decline, so you short shares at an initial margin of percent. If the maintenance margin is percent, at what share price will you receive a margin call? Do not round intermediate calculations. Round your answer to decimal places.
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