Exhibit 4.3 Use the Information Below for the Following Problem(S)

Multiple Choice

Exhibit 4.3
Use the Information Below for the Following Problem(S)
Kathy Smith has a margin account with a balance of $60,000. Initial margin requirements are 80 percent, and Jackson Industries is currently selling at $40 per share.
-Refer to Exhibit 4.3.How many shares of Jackson can Kathy buy?

A) 1875
B) 1500
C) 1750
D) 1200
E) None of the above