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You sell short 1,000 shares of Doggie Treats Inc. that are currently selling at $25 per share. You post the 50% margin required on
You sell short 1,000 shares of Doggie Treats Inc. that are currently selling at $25 per share. You post the 50% margin required on the short sale. If your broker requires a 30% maintenance margin, at what stock price will you get a margin call? [Assume: a) you earn no interest on the funds in your margin account, b) Doggie Treats does not pay any dividends, and c) your initial margin is invested in T-bills] O $31.50 $28.85 $32.25 $35.71
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