At what stock price will you get a maintenance call for


Suppose a stock is currently priced at $47 per share You think this stock is grossly overpriced and would like to sell short 3.000 shares of the stock. Short sales are currently limited to a 150% margin requirement (counting the amount of the sale of stock and the margin deposit required) At what stock price will you get a maintenance call for more funds to support your short selling account if the maintenance margin is 30%' (Answer to the nearest penny, e g 12 34 without the $.)

Request for Solution File

Ask an Expert for Answer!!
Financial Management: At what stock price will you get a maintenance call for
Reference No:- TGS02613625

Expected delivery within 24 Hours