Question: M 7 Problem - 1 3 Problem 3 - 1 3 Margin Call Assume an investor shorted Company Y at a price of $ 4

M7 Problem-13
Problem 3-13 Margin Call
Assume an investor shorted Company Y at a price of $41.5 using a 50% margin. This information is summarized in the following table:
At what price would the investor face a 30% maintenance margin call?
The investor would face a 30% maintenance margin call at a price of $. Round your answer to the nearest cent.
M7 Problem-13 Problem 3-13 Margin Call Assume an investor shorted Company

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