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Exhibit 4-1 USE THE FOLLOWING INFORMATION FOR THE NEXT PROBLEM(S)

Question 71

Multiple Choice

Exhibit 4-1
USE THE FOLLOWING INFORMATION FOR THE NEXT PROBLEM(S)
Jackie has a margin account with a balance of $150,000. If the initial margin deposit is 60% and Turtle Industries is currently selling at $50 per share:
-Refer to Exhibit 4-1. If the maintenance margin is 25%, to what price can Turtle Industries fall before Jackie receives a margin call?


A) $14.56
B) $23.17
C) $32.42
D) $26.67
E) None of the above

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