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1. Calculating Margin (LO3, CFA4) Carson Corporation stock sells for $17 per share, and you've decided to purchase as many shares as you possibly can.

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1. Calculating Margin (LO3, CFA4) Carson Corporation stock sells for $17 per share, and you've decided to purchase as many shares as you possibly can. You have $31,000 available to invest. What is the maximum number of shares you can buy if the initial margin is 60 percent? 2. Margin (LO3, CFA4) You purchase 275 shares of 2nd Chance Co. stock on margin at a price of $53. Your broker requires you to deposit $8,000. What is your margin loan amount? What is the initial margin requirement

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