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You sell short 200 shares of Doggie Treats Incorporated that are currently selling at $22 per share. You post the 50% margin required on
You sell short 200 shares of Doggie Treats Incorporated that are currently selling at $22 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? (You earn no interest on the funds in your margin account, and the firm does not pay any dividends.) (Round final answer to 2 decimal places)
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Principles of Finance
Authors: Scott Besley, Eugene F. Brigham
6th edition
9781305178045, 1285429648, 1305178041, 978-1285429649
