Old Economy Traders opened an account to short-sell 1,000 shares of Internet Dreams at $60 per share. The initial margin requirement was 50%. (The margin account pays no interest.) A year later, the price of Internet Dreams has risen from $60 to $69.50, and the stock has paid a dividend of $7.80 per share.

a.	What is the remaining margin in the account?

Remaining margin

$

b-1.	What is the margin on the short position? (Round your answer to 2 decimal places.)

Short margin

%

b-2.

If the maintenance margin requirement is 30%, will Old Economy receive a margin call?

	Yes
	No

c.	What is the rate of return on the investment? (Negative value should be indicated by a minus sign. Round your answer to 2 decimal places.)

Rate of return

%