1A. You just sold short 650 shares of Wetscope, Inc., a fledgling software firm, at $75 per share. You cover your short when the price hits $77 per share one year later. If the company paid $0.52 per share in dividends over this period, what is your rate of return on the investment? Assume an initial margin of 55 percent.

1B. Suppose the call money rate is 6.2 percent, and you pay a spread of 1.9 percent over that. You buy 900 shares at $46 per share with an initial margin of 60 percent. One year later, the stock is selling for $51 per share and you close out your position. What is your return assuming no dividends are paid?

1C. Carson Corporation stock sells for $79 per share, and youve decided to purchase as many shares as you possibly can. You have $46,762 available to invest. What is the maximum number of shares you can buy if the initial margin is 50 percent?