1. You have borrowed $20,000 on margin to buy shares in TPG, which are now selling at $20 per share. Your account starts at the initial margin requirement of 50%. The maintenance margin is 35%. Two days later, the share price falls to $18 per share. How low can the price of TPG shares fall before you receive a margin call?

2. Below is some price information on Coles shares. Coles trades in a dealer market.

Bid	Asked
$50	$50.50

Suppose you have submitted a limit order to sell at $50.40. What will happen?