Question
The stock of PQR Industries is trading at $21.93. You feel the stock price will decline, so you short 289 shares at an initial margin
The stock of PQR Industries is trading at $21.93. You feel the stock price will decline, so you short 289 shares at an initial margin of 63 percent. If the maintenance margin is 31 percent, at what share price (in $) will you receive a margin call?
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Financial Management Concepts and Applications
Authors: Stephen Foerster
1st edition
013293664X, 978-0132936644
