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When giving numerical answers, please keep two decimal places for $ (such as prices), and three decimal places for percentage returns (such as ROE) in

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When giving numerical answers, please keep two decimal places for $ (such as prices), and three decimal places for percentage returns (such as ROE) in the final answers. There are 26 questions including three long problems. Please budget your time accordingly. Question 23 8 pts You decide to sell short 100 shares of AUTOW stocks at the current market price of $40 per share. The initial margin is 50% and the maintenance margin is 30%. 1) How much is your initial margin (equity)? (2 points) 2) If the price goes up to $42 and the stock paid a dividend of $.5 per share, how much is your return? (3 points) 3) What is the maximum price before a margin call? (assuming no dividend is paid) (3 points)

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