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You are bearish on Telecom and decide to sell short 100 shares at the current market price of $36 per share. How high can the

You are bearish on Telecom and decide to sell short 100 shares at the current market price of $36 per share. How high can the price of the stock go before you get a margin call if the maintenance margin is 30% of the value of the short position? (Round your answer to 2 decimal places.)

Stock price reaches: $

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