An investor short sells 300 shares of a stock for $$68.29$ per share. The initial margin is $60%$ , and the maintenance margin is $38%$ . The price of the stock rises to $$81.27$ per share. What is the margin, and will there be a margin call? The margin in the account is \%. (Round to the nearest percent.)

Question

An investor short sells 300 shares of a stock for

$68.29

per share. The initial margin is

60%

, and the maintenance margin is

38%

. The price of the stock rises to

$81.27

per share. What is the margin, and will there be a margin call? The margin in the account is \%. (Round to the nearest percent.)

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