Determine at what price will get a margin call

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The current market price of stock A is $20 per share. I sell short 100 shares with initial margin requirement of 50%. One year later, the stock price is 18$ and paid dividend equal to $1 per share. At what price will I get a margin call, assuming that the minimum margin requirement is 40% and the price change is immediate?

Reference no: EM13329416

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