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You short sold 650 shares of stock at a price of $35 and an initial margin of 70 percent. If the maintenance margin is 40

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You short sold 650 shares of stock at a price of $35 and an initial margin of 70 percent. If the maintenance margin is 40 percent, at what share price will you receive a margin call? What is your account equity at this stock price? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Margin call price Account equity

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