Gilbert short-sold 200 shares of Chipotle at $420 per share. Gilbert's broker has an initial margin requirement of 60% on short sales and a maintenance margin of 30%. At what price would Gilbert first receive a margin call?

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The Answer of Gilbert short-sold 200 shares of Chipotle at $420 per share. Gilbert's broker has an initial margin requirement of 60% on short sales and a maintenance margin of 30%. At what price would Gilbert first receive a margin call?

Gilbert Short-Sold 200 Shares of Chipotle at $420 Per Share