You believe the price of Freeze Frame Co. stock is going to fall, so you short 400 shares at a price of $62. The initial margin is 55 percent. Ignore dividends.

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

b-1.Construct equity balance sheets for a stock price of $57 per share.(Input all amounts as positive values.)

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

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

c-1.Construct equity balance sheets for a stock price of $67 per share.(Input all amounts as positive values.)

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

c-3.What is your effective annual return if you cover your short position at this price in five months?(A negative value should be indicated by a minus sign. Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)