Use the following information to answer questions 16 and 17: You sell short 100 shares of Doggie Treats Inc. that are currently selling at $40 per share. You post the 50% margin required on the short sale. Your broker requires a 30% maintenance margin.

16) If the price falls to $30 short position in stocks and equity amounts are _______and_______, respectively.

a. $3,000, $4,000

b. $2,000, $4,000

c. $3,000, $3,000

d. $4,000, $2,000

17) You will get a margin call if the stock price raise to ________. Group of answer choices

a. $54.85

b. $51.85

c. $46.15

d. $49.75