5()Jackie has posted $45,000 in her margin account. If intial margin requirements are 50%, and Turtle Industries is currently selling at $25 per share:

5 (a) How many shares of Turtle can Jackie purchase?

5 (b) 5 What is Jackies profit if Turtles price rises to $40?

5(c) If the maintenance margin requirement is 30 percent, to what price can Turtle Industries fall before Jackie receives a margin call?

make the procedure you use for each problem obvious, by including any formula you use, and explain how you arrive at the answer.