What is the maximum value the stock price can take before you are issued a margin call?

Intro: The price of Apple Stock is currently $95.04 and you decide

Intro: The price of Apple Stock is currently $95.04 and you decide

Question
Intro: The price of Apple Stock is currently $95
.04 and you decide to sell short 600 shares
.

Part 1
. The initial margin is 60%
. How much do you have to contribute at least to the account?

Part 2
. If the price rises to $107
.23, what is the new percentage margin?

Part 3
. If the broker’s maintenance margin is 40%
. What is the maximum value the stock price can take before you are issued a margin call?

Intro: The price of Apple Stock is currently $95.04 and you decide

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