1. (15 points) Old Economy Traders opened an account to short-sell 1,000 shares of Internet Dreams at $55 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 $55 to $62.50, and the stock has paid a dividend of $2.20 per share. (a) What is the remaining margin in the account? (b) What is the margin on the short position? (c) If the maintenance margin requirement is 30%, will Old Economy receive a margin call