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How many shares of turtle can jackie purchase

Question 1. Jackie has a margin account with a balance of $45,000. If initial margin requirements are 50 percent and Turtle Industries is currently selling at $50 per share: How many shares of Turtle can Jackie purchase?

Question 2. Use the same data: What is Jackie's profit if Turtle's price rises to $60?

Question 3. Use the same data as the previous questions. If the maintenance margin is 30 percent, to what price can Turtle Industries fall before Jackie receives a margin call?

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Finance Basics: How many shares of turtle can jackie purchase

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