An investor short sold 400 shares of Lumber Liquidators stock at $22 a share at...
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Finance
An investor short sold 400 shares of Lumber Liquidators stock at $22 a share at an initial margin of 70 percent. The maintenance margin is 35 percent. What is the highest the stock price can go before he receives a margin call?
$26.22
$27.70
$28.16
$25.48
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