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You sell short 100 shares of the QQP stock at $70 per share. Assume your broker requires an initial margin of 60% and a maintenance

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You sell short 100 shares of the QQP stock at $70 per share. Assume your broker requires an initial margin of 60% and a maintenance margin of 25%. If the stock price increases above a certain level, P, the percentage margin would drop below the maintenance margin of 25% and you will get a margin call. What is P? Select one: 0 a $89.6 Ob. $91.55 c. $84.33 d. $87.04

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