USE THE INFORMATION BELOW FOR THE FOLLOWING PROBLEM(S)

question 61

Multiple Choice

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 3.1. If the maintenance margin is 25 percent, 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) $25.52

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Definitions:

Communications

The process of transferring or exchanging information between entities using common systems, protocols, or methods.

Master/Slave Protocol

A communication protocol in which one device (master) controls one or more other devices (slaves).

Polling

A network access method where a master controller manages the communication process by interrogating each slave controller under it to determine whether the slave has any information to send.

Collision Detection

The process of identifying when two or more entities in a digital environment, such as packets in a network or objects in a simulation, coincide or interact with one another.