Question: Amal has borrowed Tshs 2 0 0 , 0 0 0 / = on margin to buy shares in ABC ltd , which is now

Amal has borrowed Tshs 200,000/= on margin to buy shares in ABC ltd, which is now selling at Tshs 40/= per share. His account starts at the initial margin requirement of 50%. The maintenance margin is 35%.Five days later the stock price falls to Tshs 35/= per share
a) will Amal receive a margin call?
b) How low should the price of ABC ltd fall before he eeceives a margin call?

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