You short sold 1,000 shares of stock at a price of $63 and an initial margin of

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You short sold 1,000 shares of stock at a price of $63 and an initial margin of 55 percent. If the maintenance margin is 30 percent, at what share price will you receive a margin call? What is your account equity at this stock price?

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Fundamentals of Investments Valuation and Management

ISBN: 978-0077283292

5th edition

Authors: Bradford D. Jordan, Thomas W. Miller

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Question Posted: Sep 19, 2012 04:29 AM

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You short sold 1,000 shares of stock at a price of $63 and an initial margin of

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Proceeds from short sale 100063 63000 ...View the full answer

Fundamentals of Investments Valuation and Management

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