17) your margin account has an initial margin of 60% and a maintenance margin of 30%.

The spot price of stock APL is $200 per share and you want to buy 170 shares of APL on

margin. How much should you have in you account before buying the shares?

18) Your margin account has an initial margin of 70% and a maintenance margin of 35%.

The spot price of stock JPM is $150 per share. you had $17850 in her account and you're

buying 170 shares of JPM on margin. Are you going to receive a margin call if the price of

JPM drops to $110 per share?

19) Your margin account has an initial margin of 70% and a maintenance margin of 35%.

The spot price of stock AB is $180 per share. You had $18900 in your account and have just

bought 150 shares of AB on margin. Are you going to receive a margin call if the price of

AB drops to $74 per share?