Exhibit 4.1 Use the Information Below for the Following Problem(S)

Multiple Choice

Exhibit 4.1
Use the Information Below for the Following Problem(S)
Jackie has a margin account with a balance of $150,000. The initial margin deposit is 60 percent and Turtle Industries is currently selling at $50 per share.
-Refer to Exhibit 4.1.If the maintenance margin is 25 percent,to what price can Turtle Industries fall before Jackie receives a margin call?

A) $14.56
B) $23.17
C) $32.42
D) $26.67
E) None of the above