The most popular asset class with investors has always been equity. Trading on the Australian Securities Exchange (ASX) and the number of listed companies on the ASX increases every year.

1. Explain, what share trading apps are and how useful you feel they are for trading in shares. (Worth 2 marks)
2. Describe, in your own words, what role a prospectus plays in an issue of shares on the ASX and a problem that could arise due to the Australian Securities and Investment Commission (ASIC) only being allowed to assess this prospectus seven days before it is released. (Worth 1 mark)
3. Shares in CSL Limited are currently trading on the ASX at $284 each. You would like to buy 15 shares in CSL Limited but only have $3,000 to spend. Describe, in your own words, the trading strategy that you can use to buy the 15 shares and calculate the price at which a margin call would occur if there is a maintenance margin of 65% on this trade. (Worth 2 marks)