Jennifer believes that Northern Wine stock is going to decline in value so she is short selling
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Question:
Jennifer believes that Northern Wine stock is going to decline in value so she is short selling 878 shares at $38.84 a share. Her initial margin requirement is 0.7 percent and the maintenance margin is 0.4 percent. What is the highest the stock price can go before she receives a margin call? Answer to two decimals.
Related Book For
Fundamentals Of Investments Valuation And Management
ISBN: 9781266824012
10th Edition
Authors: Bradford Jordan, Thomas Miller, Steve Dolvin
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