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You are shorting for Company A's stocks. The current price is $60/share, you want to short 1000 shares. The initial margin requirement is 50%. The
You are shorting for Company A's stocks.
The current price is $60/share, you want to short 1000 shares. The initial margin requirement is 50%. The maintenance margin requirement is 25%.
What is the price point if the stock price goes above it, you will receive a margin call?
Please write your answer without the dollar sign, and round up it to two decimals (e.g. 50.55)
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