Multiple Choice
You sell short 100 shares of Hi-Light Corporation when it is trading at $70.Your margin requirement is 50%.Assuming there was no commission and the maintenance margin is 25%,at what stock price would you receive a margin call?
A) $76
B) $80
C) $84
D) $88
E) $92
Correct Answer:
Verified
Correct Answer:
Verified
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