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Use the following information for the next 4 questions. You sold short 4 0 0 shares of common stock of XYZ Corporation at $ 5

Use the following information for the next 4 questions.
You sold short 400 shares of common stock of XYZ Corporation at $50 per share. The initial margin is 60% and that the maintenance margin requirement is 25%.
How much was your initial (margin) investment?
If the stock price goes up to $65, how much equity do you have in your account?
If the stock price goes up to $65, what is the actual percentage margin of your account?
How far could the stock price go up before you would get a margin call?

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