You sold short 442 shares of common stock at $37 per share. The broker has a 50% initial margin requirement. So you must have 50% of your initial position value in cash or other safe securities like T-bill in your account. If the maintenance margin requirement of your broker is 30% you will get a margin call if the stock rises above ________.
(Assume the stock pays no dividends and ignores any interest).

Answer rating: 100% (QA)

When you sell short a stock you borrow shares from a broker and sell them in the market You hope to ... View the full answer