The stock of Flop Industries is trading at $48. You feel the stock price will decline, so
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The stock of Flop Industries is trading at $48. You feel the stock price will decline, so you short 1,000 shares at an initial margin of 60 percent. If the maintenance margin is 30 percent, at what share price will you receive a margin call?
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Related Book For
Fundamentals of Investments Valuation and Management
ISBN: 978-0078115660
7th edition
Authors: Bradford Jordan, Thomas Miller
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