RING SEMESTER ASSIGNMENT 2 FROM CHAPTER 2 Question 1 Carson Corporation stock sells for $17 per share, and you have decided to purchase as many shares as you possibly can. You have $31,000 available to invest. What is the maximum number of shares you can buy if the intial margin is 60 percent? Question 2 You purchase 275 shares of 2nd Chance Co. Stock on margin at a price of $53. Your broker requires you to deposite $8,000 what is your margin loan amount?what is the intial margin requirment? Question 3 You purchased 450 shares of stock at a price of 49 per share on 55 percent margin. If the maintenance margin is 35 percent, what is the critical stock price?