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You sold short 300 shares of common stock at $60 per share. The initial margin is 50%. At what stock price would you receive a
You sold short 300 shares of common stock at $60 per share. The initial margin is 50%. At what stock price would you receive a margin call if the maintenance margin is 25%? A) $54 B) $68 C) $45 D) $72 E) none of the above I know the answer is D but I would like to know the formula and how its calculated. Thanks
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