1. You have identified a stock (Stock X) that you are certain is overvalued. You currently have $5,828 in your bank account and want desperately to take advantage of what you see as a mispricing. At time zero, each share is selling for $62. Thus, you short all your money, along with the maximum allowed by your broker on margin. The broker also requires a maintenance margin of 25%. Above what price would you receive a margin call?
   1. $115.69
   2. $71.54
   3. $74.40
   4. $88.15