1A. You purchased 100 shares of IBM common stock on margin at $70 per share. Assume the initial margin is 50%, and the maintenance margin is 30%. Below what stock price level would you get a margin call? Assume the stock pays no dividend; ignore interest on margin.

		$80
		$89
		$71
		$50

1B.

You sold short 200 shares of common stock at $60 per share. The initial margin is 60%. Your initial investment was

		$4,800.
		$12,000.
		$5,600.
		$7,200.