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You've borrowed $26,288 on margin to buy shares in Ixnay, which is now selling at...

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You've borrowed $26,288 on margin to buy shares in Ixnay, which is now selling at $42.4 per share. You Invest 1,240 shares. Your account starts at the initial margin requirement of 50%. The maintenance margin is 35%. Two days later, the stock price changes to $47 per share. a. Will you receive a margin call? Yes O No b. At what price will you receive a margin call? (Round your answer to 2 decimal places.) Stock price

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