1. You are bearish about the stock prices of ANC Corp. You decided to short sell 1000 shares at a price of $30 per share. This stock paid a dividend of $3 per share at the end of the year and you paid a commission of $0.50 per share to your broker as commission. Initial margin is 50% and maintenance margin is 25%.
   1. Show the T-Account with margin calculations for initial short position and also after the price fell to $25
   2. Show your rate of return calculations.
   3. How far does the stock price have to rise before you get a margin Call?

Please type out answers, no excel screenshots or graphs