1. Mr. Donovan orders his broker to short-sell 1000 shares of wildcats inc when the stock price is $30 per share. The initial margin requirement is 60%. Maintenance margin is 25%. Mr. Donovan only wants enough in the ccount to satisfy the intiital margin requirement. At what price would Mr. Donovan receive a margin call?
2. The Tax Code has recently changed and it is first time since 1986 that so many changes have become law. Tell me specifically three of the new tax changes and how they affect Corporations, Pass-Through Entities (such as an S-Corp or a LLC) , and the Federal Transfer Taxes (such as Gifts and Estates).