You$$ve borrowed $$29,078$ on margin to buy shares in Ixnay, which is now selling at $$43\mathrm{.}4$ per share. You invest $1,340$ shares. Your account starts at the initial margin requirement of $50\%.$ The maintenance margin is $35\%.$ Two days later, the stock price changes to $$52$ per share.

Required:

Will you receive a margin call?

multiple choice

Yes

No

At what price will you receive a margin call?

Note: Round your answer to $2$ decimal places.