A. Last year, Whittlebury (WTLB) sold stock in an IPO for $2 per share. The share price is currently $5 and there are 70,000 shares outstanding. What is Whittlebury's market cap?

B. Henry has a margin account with a 65% initial margin requirement. He purchased Spencer Enterprises (SPR) stock at 20 and later sold it for 27. What was his holding period return considering the use of his margin leverage?