Determine in each of the following examples at what share price you will receive a margin call. Round prices to the nearestcent and round shares to the nearest whole number.
a. You borrow $10,000 on margin and buy shares of a stock currently trading for $25 per
share. Your initial margin requirement is 50% and the maintenance margin is 35%.
b. You borrow $7,000 on margin and buy shares of a stock currently trading for $35 per share. Your initial marginrequirement is 40% and the maintenance margin is 30%.
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