What is your account equity at this stock price

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Reference no: EM131603204

You short sold 450 shares of stock at a price of $33 and an initial margin of 50 percent. If the maintenance margin is 30 percent, at what share price will you receive a margin call? What is your account equity at this stock price? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Reference no: EM131603204

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