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You sell short 100 shares of Doggie Treats Inc. that are currently selling at $30 per share. You post the 50% margin required on the
You sell short 100 shares of Doggie Treats Inc. that are currently selling at $30 per share. You post the 50% margin required on the short sale. If your broker requires a 40% maintenance margin, you will you get a margin call on you short sale position if the stock price moves to $ ? (You earn no interest on the funds in your margin account, and the firm does not pay any dividends.) Give your answer to two decimal places
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