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3.1 Jackie has a margin account with a balance of S66,000. If initial margin requirements are 60 percent and Turtle Industries is currently selling at

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3.1 Jackie has a margin account with a balance of S66,000. If initial margin requirements are 60 percent and Turtle Industries is currently selling at S10 per share: a. (4 points) How many shares of Turtle can Jackie purchase? b. (3 points) What is Jackie's profit if Turtle's price rises to S13? c. (3 points) receives a margin call

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