1. Given a margin requirement of 60%, Mr. Jay deposited $30,000 into his margin account to purchase Jojo shares. Mainten

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1. Given a margin requirement of 60%, Mr. Jay deposited $30,000into his margin account to purchase Jojo shares. Maintenance marginis 20%. What is the total investment position of Mr. Jay in dollarterms (cash and share margin financing)?
a.$50,000 b. $75,000 c. $150,000
2.If Jojo share is currently selling at $20 per share, how manyshares of Jojo can Mr. Jay purchase using share marginfinancing?
a. 3,750 b. 2,500 c.7,500
3. How much did Mr. Jay borrow to buy Jojo shares?
a. $20,000
b. $30,000
c. $10,000
When will Mr. jay receive a margin call?
a. When Jojo's share price is at $10
b. When Jojo's share price is below $10
c. When Jojo's share price is at least $6.67
d. When Jojo's share price is below $6,67
e. When Jojo's share price is at least $3.33
f. When Jojo's share price is below $3.33