Matt short sold 500 shares of Tall Pines stock at $19 a share at an initial margin of 65 percent. The maintenance margin is 35 percent.What is the highest the stock price can go before he receives a margin call?

Name: Matt short sold 500 shares of Tall Pines stock at $19 a share at an initial margin of 65 percent. The maintenance margin is 35 percent.What is the highest the stock price can go before he receives a margin call?
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Question

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P* = {[(500 × $19) + (500 × $19 × .65)]/500}/(1 + .35) = $23.22

Matt Short Sold 500 Shares of Tall Pines Stock at $19