17) Last year, Norman sold short 300 shares of GM short for $85 per share. Initial margin is 55% and maintenance margin is 40%.

Suppose, now, price went up to $100. Create a balance sheet and tell me what (1) the total assets, (2) the liabilities, and (3) the equity are.

18) Compute Normans (in prob 17) HPRs based on the price going up to $90, if dividends were $2 and the short margin return was 5%.

PLEASE SOLVE Q18 BASED ON SHOWING HOW TO DO Q17

Thank you!