Question: 48.29 IS NOT THE ANSWER BECAUSE I GOT IT WRONG You have decided to short 400 shares of Shake Shack, which is currently trading for

48.29 IS NOT THE ANSWER BECAUSE I GOT IT WRONG
 48.29 IS NOT THE ANSWER BECAUSE I GOT IT WRONG You

You have decided to short 400 shares of Shake Shack, which is currently trading for $50 per share. Assume your account already has $10,000 in t-bills which you can use as collateral. For short sales, your broker requires an initial margin of 50% and a maintenance margin of 40% and you must also set aside 100% of the cash proceeds as collateral. By how much could the stock price increase before you receive a margin call

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