You believe the stock in Apple is going to decrease, so you short 550 shares at a price of $65. The initial margin is 55%. Create the equity balance sheet for this trade. Now create the equity balance sheet for a share pick of $59 and a share price of $69. What is the margin for each stock price and what is the holding period return, as well as the effective annual return if you cover your short position at each of these prices with an investment length of 4 months.