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amal deposits $5,000 in a brokerage account. He then buys 1000 shares of TFS on margin at $15 / share. The minimum margin requirement for

amal deposits $5,000 in a brokerage account. He then buys 1000 shares of TFS on margin at $15 / share. The minimum margin requirement for his account is 30%. (That is the amount he borrows from the broker cannot exceed 70% of the value of his shares.) 1.How much money does Jamal borrow from his broker? 2.What is the most Jamal's broker would be willing to lend against Jamal's 1000 shares? 3.Jamal now owns 1000 shares of TFS and has a margin loan of $10,000. At what stock price would Jamal first face a margin call? 4.If the stock price drops to $13 / share, how much cash does Jamal have to deposit to get back to 30% margin? 5.If the stock price dropped to $13 / share, what is the smallest number of shares the broker would sell to get back to 30% margin?\\

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