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5a. Suppose you sell short 200 shares of XXX-stock at $73.50 per share. Your broker requires 50% margin for the short account. i. What was

5a. Suppose you sell short 200 shares of XXX-stock at $73.50 per share. Your broker requires 50% margin for the short account. i. What was your expectation about the XXX-stock price? Put it differently, what was the reason you sold short of XXX-stock at $73.50? ii. How much money (or securities worth) do you need to put into your brokerage account? Show your work. iii. Suppose the share price goes up to $74.88. How much money will you make? And how much money will you have in your brokerage account? iv. Suppose the share price goes down to $69.20. How much money will you make? And how much money will you have in your brokerage account? Q-6. Today, (March-17), suppose you sold short 250 shares of CCC-stock at $35.50 per share. Your broker requires 40% margin for the short account. B) i. Suppose on April-01, the CCC-stock pays $1.40 dividend per share. Who receives the dividend? And Why? (Just explanation, no calculation!) ii. Suppose on April-17, you close your short sale account when the stock price is $34.75. How much money did you make out of this short sale? How much money do you have in your brokerage account after you closed out the short sale account?

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