Question: Margin Calls on Short Sales ( LO 4 , CFA 3 ) You sold short 1 , 0 0 0 shares of stock at a

Margin Calls on Short Sales (LO4, CFA3) You sold short 1,000 shares of stock at a price of $36 and an initial margin of 55 percent. If the maintenance margin is 35 percent, at what share price will you receive a margin call? What is your account equity at this stock price?

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