Exercise 6 (choose the closest to what you find) Mrs. Brady's margin account has an initial margin of 55% and a maintenance margin of 40%. The spot price of stock HR is $380 per share and Mrs. Brady has $71478 in her margin account What is the maximum number of shares Mrs. Brady can short sell? (5 pts) (A) 342 (B) 352 [C) 301 (D) 318 Exercise 7 (choose the closest to what you find) Mr. Biggerstaff's margin account has an initial margin of 60% and a maintenance margin of 35%. The spot price of stock KG is $260 per share and Mr. Biggerstaff wants to short sell 388 shares of KG. How much should he have in his account before short selling the shares? (5 pts) (A) $61608 (B) $56368 (C) $58788 (D) $60528 Exercise 8 (choose the closest to what you find) Mrs. Jones' margin account has an initial margin of 65% and a maintenance margin of 30%. The spot price of stock Citi is $220 per share. Mrs. Jones had $37609 in her account and has just short sold 263 shares of Citi. Is Mrs. Jones going to receive a margin call if the price of Citi rises to $-551 per share? (in case of no margin call please choose the option with $0) (10 pts) (A) $788 (B) $859 (C) $0 (D) $541