1. In the buying on margin example, suppose that the initial margin is 60%. What is the investor's equity in the purchase?

2.

In return example 1 suppose the margin is 60% instead of 50%. What is the investor's return from a margin purchase of 100 shares if the purchase price is $160, the selling price is $180, and the broker interest rate on the loan is 5%? Enter your answer using percent expression with 2 decimal places, e.g., if your answer is 0.12345, enter 12.36.

3.

Which of the following are correct for ETFs? Select all that apply.

		a. ETFs trade just like stocks with continuous pricing throughout the trading day.
		b. Unlike mutual funds, ETFs do not charge investors for operating expenses.
		c. ETFs always achieve the same rate of return as a defined index.
		d.ETFs are always open-ended funds.
		e.The minimum initial investment in an ETF is a fixed dollar amount such a $1,000.