1. An investor opens a new margin account and sells short 200 shares of DWQ at $65 per share, with Regulation T at 50%. What is the investor's required deposit? Please show all work.
A. $2,775
B. $3,250
C. $6,500
D. $13,000
2. A customer purchases 200 shares of ABC Health Care at $60 per share and meets the initial margin requirement. If ABC announces an acquisition and its stock appreciates on the news to $75 per share, how much cash can the customer withdraw after this market move? Please show all work.
A. $0
B. $1,000
C. $1,500
D. $3,000