Type the Excel formula for the margin-call price per share, with the loan in B1, the maintenance margin (as a decimal) in B2 and the number of shares in B3.

Answer

=B1/((1-B2)*B3)

20,000 ÷ (0.70 × 1,000) = 28.57 — where equity is exactly 30 % of market value.

Bigel, Introduction to Financial Analysis (CC BY 4.0) §12.2 — HPR frame only; the margin and short-sale mechanics are CSC register authored originally; the CIRO minimum margin schedule was NOT verifiable on ciro.ca (verified-facts §2.8 I20, I21) — every rate in this lesson is stated as the dealer’s requirement in the prompt, never as CIRO’s rule; original companies and figures