Steve bought ABC stocks on margin, while Larry shorted it. Suppose the share price of ABC at the time of their trading was $100. Initial margin was 50% for margin trading and short selling. One year later, ABCs per-share price had risen to $115 and they both closed their positions. ABC issued $2-per-share dividends during the year. Interests on margin loans were negligible. Answer the following questions. 1. What was Steves rate of return on his investment? (Note: these questions do not require knowledge of their initial investment. You can use one share as the basis of your calculation.) 2. What was Larrys rate of return on his investment? 3. Suppose right after the margin trade (no dividends announced or paid), there was a big stock price movement and Steve got a margin call. If the maintenance margin was 30%, ABCs shares must have dropped below price P per share. Find P