Ch 3, Question 13 Here is some price information on Marriott Bid 39.95 Ask 40.05 Marriot You have placed a stop-loss order to sell at $40. What are you telling your broker? Given market prices will your order be executed? Question 15 You have borrowed $20,000 on margin to buy shares in Disney, which in now selling at $40 per share. Your account starts at the initial margin requirement of 50%. The maintenance margin is 35%. Two days later, the stock price falls to $35 per share. a. Will you receive a margin call? b. How low can the price of Disney shares fall before you receive a margin call? Question 16 On January 1, you sold short one round lot (that is, 100 shares) of Four Sister stock at $21 per share. On March 1, a dividend of $2 per share was paid. On April 1, you covered the short sale by buying the stock at a price of $15 per share. You paid 50 cents per share in commissions for each transaction. What is the value of your account on April 1