Question 28 The following information applies to the next three questions (28-30) Suppose you short sell 500 shares of ING stock at $30.00 per share. The initial margin was 60% and the maintenance margin was 30%. How much assets would you have in your margin account, including short sale proceeds and your margin contribution? 1. $9,000 2. $15,000 3. $24,000 4. $28,000 5. $30,000 Based on the information from Q 28, how high could ING's price rise before you receive a margin call? 1. $32.65 2. $33.23 3. $35.03 4. $36.92 5. $38.25 Based on the information from Q 28, what would be the rate of return if ING's stock price dropped to $26.00, assuming the accrued interest was $200? 1. 20% 2. 18% 3. 16% 4. 15% 5. 10%