Question: You ve borrowed $ 2 2 , 0 3 2 on margin to buy shares in Ixnay, which is now selling at $ 4 0

Youve borrowed $22,032 on margin to buy shares in Ixnay, which is now selling at $40.8 per share. You invest 1,080 shares. Your account starts at the initial margin requirement of 50%. The maintenance margin is 35%. Two days later, the stock price changes to $39 per share.You've borrowed $22,032 on margin to buy shares in Ixnay, which is now selling at $40.8 per share. You
invest 1,080 shares. Your account starts at the initial margin requirement of 50%. The maintenance margin
is 35%. Two days later, the stock price changes to $39 per share.
Required:
a. Will you receive a margin call?
Yes
No
b. At what price will you receive a margin call? (Round your answer to 2 decimal places.)
Stock price
Youve borrowed $22,032 on margin to buy shares in Ixnay, which

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