Question: Problem 2-9 Margin Calls on Short Sales (LO4, CFA5) You short sold 600 shares of stock at a price of $37 and an initial margin

Problem 2-9 Margin Calls on Short Sales (LO4, CFA5) You short sold 600 shares of stock at a price of $37 and an initial margin of 80 percent. If the maintenance margin is 40 percent, at what share price will you receive a margin call? What is your account equity at this stock price? (Do not round intermediate calculations. Round your answers to 2 decimal places.) Margin call price Account equity

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