1. You are bearish on CLP and decide to sell short 2,000 shares at the current market price of $60 per share. a. How much in cash or securities must you put into your brokerage account if the initial margin requirement is 70% of the value of the short position? b. If you earn no interest on the funds in your margin account, what will be your rate of return after a week if CLP is selling at $50 per share? Assume that CLP pays no dividends. c. How high can the price of the stock go before you get a margin call if the maintenance margin is 30% of the value of the short position? (10 marks)