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The stock of Flop Industries is trading at $48. You feel the stock price will decline, so you short 1,000 shares at an initial margin

The stock of Flop Industries is trading at $48. You feel the stock price will decline, so you short 1,000 shares at an initial margin of 60 percent. If the maintenance margin is 30 percent, at what share price will you receive a margin call?

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