1. Your margin account begins with $1,000 cash. Your broker requires 40% of initial margin and 20% of maintenance margin rates. SNAP is currently traded at $100 per share. You try to buy on margin as many shares of SNAP as you can. (a) How many shares of SNAP stock do you buy today? (b) At which price will you receive a margin call? (c) One month later, SNAP share price crashed to $70. Suppose you have no cash left and hence must liquidate stocks to repay debt. What is the maximum number of SNAP shares that you can keep holding in your margin account