Question: You ve borrowed $ 3 7 , 0 0 0 on margin to buy shares in BRP Inc. ( DOO ) , which is now

Youve borrowed $37,000 on margin to buy shares in BRP Inc. (DOO), which is now selling at $148 per share, and you have invested $37,000 of your own. Your account starts at the initial margin requirement of 50%. The minimum margin is 35%. Two days later, the stock price falls to $143 per share.
a. Will you receive a margin call?
multiple choice
Yes
No
b. How low can the price of BRP shares fall before you receive a margin call? (Round your answer to 2 decimal places. Omit $ sign in your response.)
Price $

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