1. Assume that your brokerage company requires an initial margin of 57% and a maintenance margin of 32%. Assume further that you short 1,500 shares of Minnie Corp. at $55 per share.
   1. Calculate the minimum amount of cash you must deposit to be able to make this sale.
   2. Calculate the price above which you will receive a margin call.
   3. Show what the account balance sheet will look like if the stock reaches the price in b. above.

Stock Short

Cash Equity

d) Assume the stock decreases to $48.00 per share:

1. Show the new account balance sheet.

Stock Short

Cash Equity

2. Calculate the percentage gain or loss on the stock.