40 points Small business owners are sometimes advised by their lawyers to file for personal bankruptcy, Chapter 7, instead of business bankruptcies, Chapters 11 and 13, because of an easier filing process. How might this practice affect the rates of bankruptcy types?

You are bearish on telecom and decide to sell short 100 shares at the current market price of $50 per share. a. how much in cash or securities must you put into your brokerage account if the broker’s initial margin requirement is 50% of the value of the short position? b. how high can the price of the stock go before you get a margin call if the maintenance margin is 30% of the value of the short position? (input the amount as a positive value. round your answer to 2 decimal places.)