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10. You sell 2,000 shares short at $70. per share and the margin requirement is 40%. The stock falls to $55. per share. (a)

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10. You sell 2,000 shares short at $70. per share and the margin requirement is 40%. The stock falls to $55. per share. (a) What is the initial margin requirement expressed in dollars and cents? (b) what is the percent gain or loss on equity? ompletely and precisely show the method by which and with which you solved this problem. problem and assuming it is the only transaction for the year, how large a

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