What stock price will you get margin call

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You sell short 200 shares of Doggie Treats Inc. that are currently selling at $25 per share. You post the 50% margin required on the short sale. If your broker requires a 30% maintenance margin, at what stock price will you get a margin call? Assume you earn 5% interest on the funds in your margin account and the stock pays $2 per share dividend.

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Reference no: EM131862514

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