Question: Problem 2-8 Margin Calls on Short Sales (L04, CFA5) The stock of Flop Industries is trading ot 560. You feel the stock price will decline,

Problem 2-8 Margin Calls on Short Sales (L04, CFA5) The stock of Flop Industries is trading ot 560. You feel the stock price will decline, so you short 850 shares ot an initial margin of 55 percent. If the maintenance margin is 30 percent at what shore price will you receive a margin coll? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Margin cal price

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