You short sold 800 shares of stock at a price of 45 and an


You short sold 800 shares of stock at a price of $45 and an initial margin of 55 percent. If the maintenance margin is 30 percent, at what share price will you receive a margin call? What is your account equity at this stock price? (Do not round intermediate calculations. Round Margin call price to 2 decimal places. Omit the "$" sign in your response.)

Margin call price               $  

Account equity                 $   

Request for Solution File

Ask an Expert for Answer!!
Financial Management: You short sold 800 shares of stock at a price of 45 and an
Reference No:- TGS01126401

Expected delivery within 24 Hours