Old Economy Traders opened an account to short-sell 1,000 shares of Internet Dreams at $110 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 $110 to $117.00, and the stock has paid a dividend of $18.00 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 _________%