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Please use the information below to answer the question: Number of shares shorted.............................................................................. 7 0 Short sale price......................................................................... $ 1 5 0 Initial margin.......................................................................... 7

Please use the information below to answer the question:
Number of shares shorted.............................................................................. 70
Short sale price......................................................................... $150
Initial margin.......................................................................... 75%
Current price......................................................................... $200
Cumulative dividends per share paid since short sale date............................................................................ $22
Maintenance margin requirement.......................................................................... 30%
Based on this information, what is your current margin?
Less than 25%
Between 25% and 50%
Between 50% and 75%
More than 75%

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