Now, it is Dec $2022,$ The municipal bond is now redeemed. However, the last few months have been like a nightmare for Tom. EC stock price has been consistently rising The price hits $$48$ and Tom just received a margin call, so he decided to use the procee from his other investment in the money market to cover his position at the current price

How much money did he earn from his investment in Texas state bonds, assuming his income tax rate is $30\%?$

a$)$ $$54,600$

b$)$ $$38,220$

c$)$ $$818,220$

d$)$ $$834,600$

e$)$ $$39,200$

How much more money did he need to deposit in his account to cover his short$-$selling position and get out of this investment experience? "assuming no fees or dividends needed to be paid"

a$)$ $$1,920,000$

b$)$ $$240,000$

c$)$ $$1,360,000$

d$)$ $$1,680,00$

e$)$ $$260,000$

How much money does Tom have now in total?

a$)$ $$100,000$

b$)$ $$220,000$

c$)$ $$780,500$

d$)$ $$140,000$

e$)$ $$594,600$