You purchase 150 shares of Pepsi on margin at $140 per share. Assume the initial margin is $50%. If you receive a margin call when the stock price drops to $110, what is the maintenance margin?

		40%
		36%
		30%
		46%

A tax-free municipal bond provides a yield of 4.3%. What is the equivalent taxable bond given a 35% tax bracket?

		4.3%
		5.4%
		6.6%
		2.8%

Suppose you pay $9,900 for a Treasury bill that pays $10,000 in one month. What is the effective annual rate of return for this investment?

		6.2%
		11.9%
		12.7%
		1.0%