Old Economy Traders opened an account to short-sell 1,000 shares
of Internet Dreams at $60 per share. The initial margin requirement
was 50%. (The margin account pays no interest.) A year later, the
price of Internet Dreams has risen from $60 to $69.50, and the
stock has paid a dividend of $7.80 per share.
|What is the remaining margin in|
|b-1.||What is the margin on the short|
position? (Round your answer to 2 decimal
|b-2.||If the maintenance margin|
requirement is 30%, will Old Economy receive a margin call?
What is the rate of return on the investment? (Negative
value should be indicated by a minus sign. Round your answer to 2
|Rate of return||%|
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