Old Economy Traders opened an account to short-sell 1,000 shares of Internet Dreams at $75 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 $75 to $89.50, and the stock has paid a dividend of $11.00 per share. The maintenance margin requirement is 30%. What is Trader's margin after all these events? (similar to the example in the class, Assignment 2, and exam review)

• 12,000
• 37,500
• 11,000
• 75,000
• 25,500