a)Charles has a margin account balance of $20,000. Initial margin requirement is 30%. Liquid Limited is currently selling at $30 per share. Assuming brokers commissions is ignored, calculate how many Liquid Limited shares Charles can purchase if he uses the maximum allowable margin.

b)Advise Charles if he should buy a particular stock based on the Brokers recommendation or on information published in the newspaper (Max Word Count: 250 words).