1. You purchase shares with a market price of $60 using an 80% margin requirement. If the maintenance margin is 30%, before you would have a margin call the market price could fall to

(a) $8.     (b) $12.    (c) $17.    (d) $24.    (e) $48.

2. You purchase 400 shares of stock at a price of $20 per share. Using the minimum margin requirement of 70%, your equity would be

(a) $ 2,400.      (b) $ 5,600.      (c) $ 7,200.      (d) $ 8,000.      (e) $10,000.