Use the following information for the next two questions. You purchased 200 shares of XYZ common stock on margin at $80 per share. Assume the initial margin is 50% and the maintenance margin is 25%.

a) Below what stock price level would you get a margin call? Assume the stock pays no dividend; ignore interest on margin. Give your answer as a dollar amount (omit dollar sign).

b) What is your maximum possible loss if you simultaneously placed a stop-sell order at $73? Give your answer as a dollar amount (omit dollar sign).