Two thousand shares of stock are shorted at a price of $26 and an initial margin of 55 percent. If the maintenance margin is 35 percent, what is the critical stock price?
A) $30.93
B) $31.67
C) $30.12
D) $29.85
E) $32.26

Question

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The Answer of Two thousand shares of stock are shorted at a price of $26 and an initial margin of 55 percent. If the maintenance margin is 35 percent, what is the critical stock price?
A) $30.93
B) $31.67
C) $30.12
D) $29.85
E) $32.26

Two Thousand Shares of Stock Are Shorted at a Price