1.You short-sell 300 shares of Rock Creek Fly Fishing Company, now selling for $44 per share. If you want to limit your loss to $2,100, you should place a stop-buy order at ___.

2.You sell short 200 shares of Microsoft that are currently selling at $30 per share. You post the 40% margin required on the short sale. If you earn no interest on the funds in your margin account, what will be your rate of return after 1 year if Microsoft is selling at $24? (Ignore any dividends.)

3.An investor buys $8,000 worth of a stock priced at $40 per share using 50% initial margin. The broker charges 6% on the margin loan and requires a 30% maintenance margin. In 1 year the investor has interest payable and gets a margin call. At the time of the margin call the stock's price must have been less than _______.