13. An investor buys $10,000 worth of a stock priced at $50 per share using 50% initial margin. The broker charges 5% on the margin loan and requires a 30% maintenance margin. In one year the investor gets a margin call. At the time of the margin call the stock's price must have been A. $26.00 B. $29.80 C. $32.29 D. $37.50 E. none of the above 14. "underpricing in IPOs is usually measured by the percentage change of the closing price on the first day of trade, from the subscription price" A. True B. False 15. The limit-order book for XYZ shows that there are for sale: 2,000 shares at $21.52 per share, 1,000 shares at $21.49, 500 shares at $21.48, and 200 shares at 21.47. For Purchase there are: 1,000 shares at $21.45, and 5,000 shares at $21.40. If a market order to buy 1,000 shares and market order to sell 1,500 shares arrive simultaneously and executed immediately, what will be the bid and ask prices immediately after that? A. $21.40 and $21.49 B. $21.48 and $21.49 C. $21.40 and $21.45 D. none of the above