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Margin Account II [ 9 marks ] Stock x is currently selling at $ 1 0 per share. You just sold short 1 , 0

Margin Account II [9 marks]
Stock x is currently selling at $10 per share. You just sold short 1,000 shares with a margin account from your broker, and deposited some of your own money as specified by the initial margin requirement. The requirement for the initial margin and minimum margin is 40% and 25%. respectively.
(a)[3 marks] How much money did you deposit in the account? What is the amount of your asset in total?
(b)[3 marks] Immediately after the trade, the stock price drops to $6. What is the percentage return of your investment?
(c)[3 marks] One year has passed, how high can the price go before you receive a margin call?
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