Exhibit 4.1 Use the Information Below for the Following Problem(S)

question 29

Multiple Choice

Exhibit 4.1
Use the Information Below for the Following Problem(S)
Jackie has a margin account with a balance of $150,000. The initial margin deposit is 60 percent and Turtle Industries is currently selling at $50 per share.
-Refer to Exhibit 4.1.How many shares of Turtle can Jackie purchase?

• A) 5,000
• B) 3,000
• C) 1,800
• D) 1,200
• E) None of the above