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You sell 1,000 shares of Joy stock short. The price of the stock is $60 per share The margin requirement is 45 percent. (Please show

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You sell 1,000 shares of Joy stock short. The price of the stock is $60 per share The margin requirement is 45 percent. (Please show all your work.) How much is your initial margin? If the stock goes down to $48, what is your percentage gain or loss on the initial margin (equity)? If stock goes up to $80, what is your percentage gain or loss on the initial mar (equity)? If the Joy stock price rises and the margin call rate is 30 percent, at what price will you get a margin call

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