Assume you sold short 100 shares of common stock at $70 per share. The initial margin is 30%. What would be the maintenance margin if a margin call is made at a stock price of $85?

A) 40.5%

B) 20.5%

C) 35.5%

D) 23.5%

E) none of the above

53. You sold short 100 shares of common stock at $45 per share. The initial margin is 30%. At what stock price would you receive a margin call if the maintenance margin is 35%?

A) $50

B) $65

C) $35

D) $40

E) none of the above