What share price will you receive a margin call what is, Financial Management

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What share price will you receive a margin call what is

You short sold 400 shares of stock at a price of $41 and an initial margin of 70 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? (Do not round intermediate calculations. Round your answers to 2 decimal places.)

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