You believe the price of Freeze Frame Co$.$ stock is going to fall, so you short $450$ shares at a price of $$75.$ The initial margin is $50$ percent. Ignore dividends.

a$.$ Construct the equity balance sheet for the original trade. $($Input all amounts as positive values.$)$

$\backslash$table$[[$Assets$,,$Liabilities and account equity$],[$Proceeds from sale,,Short position$],[$Initial margin deposit,,Account equity$],[$Total$,$Total,$]]$

b$-1.$ Construct equity balance sheets for a stock price of $$66$ per share. $($Input all amounts as positive values.$)$

$\backslash$table$[[$Assets$,,$Liabilities and account equity$],[$Proceeds from sale,,Short position$],[$Initial margin deposit,,Account equity$],[$Total$,$Total,$]]$

b$-2.$ What is your margin? $($Do not round intermediate calculations. Enter your answer as a percent rounded to $2$ decimal places.$)$

Margin

b$-3.$ What is your effective annual return if you cover your short position at this price in three months? $($Do not round intermediate calculations. Enter your answer as a percent rounded to $2$ decimal places.$)$

Effective annual return

$\%$

c$-1.$ Construct equity balance sheets for a stock price of $$80$ per share. $($Input all amounts as positive values.$)$

$\backslash$table$[[$Assets$,$Liabilities and account equity$],[$Proceeds from sale,Short position,$],[$Initial margin deposit,Account equity,$],[$Total$,$Total,$]]$