An investor short sells 300 shares of a stock for $ 20.76 per share. The initial margin is58%​, and the maintenance margin is 25 %. The price of the stock rises to $ 28.54 per share. What is the​ margin, and will there be a margin​ call?

Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter14: Investing In Stocks And Bonds
Section: Chapter Questions
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An investor short sells 300 shares of a stock for $ 20.76 per share. The initial margin is58%​, and the maintenance margin is 25 %. The price of the stock rises to $ 28.54 per share. What is the​ margin, and will there be a margin​ call?  

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