1. Given a margin requirement of 60%, Mr. Jay deposited $30,000 into his margin account to purchase Jojo shares. Maintenance margin is 20%. What is the total investment position of Mr. Jay in dollar terms (cash and share margin financing)?

a.$50,000 b. $75,000 c. $150,000

2.If Jojo share is currently selling at $20 per share, how many shares of Jojo can Mr. Jay purchase using share margin financing?

a. 3,750 b. 2,500 c.7,500

3. How much did Mr. Jay borrow to buy Jojo shares?

a. $20,000

b. $30,000

c. $10,000

When will Mr. jay receive a margin call?

a. When Jojo's share price is at $10

b. When Jojo's share price is below $10

c. When Jojo's share price is at least $6.67

d. When Jojo's share price is below $6,67

e. When Jojo's share price is at least $3.33

f. When Jojo's share price is below $3.33