1. Assume that intial margin requirement is 60% of the total investment and a maintenance margin requirement is 30% of the total investment for long position and 35% of the total investment for the short position. Answer the following questions based on this information, but independent of each other.

A. You have purchased 200 shares of Joy's stock at $80 per share on margin and you sent a check to your broker for required margin. If the stock drops to $50, what will be your actual margin? At what price will you have a margin call? (Show all work please)

B. You have sold short 400 shares of investor's company's stock at $50 per share and you have deposited $12,000 in your account, with your broker. If price of this stock rises, at what stock price may you get margin call? (Show all work please)