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12 You've borrowed $29,078 on margin to buy shares in Ixnay, which is now selling at $43.4 per share. You invest 1,340 shares. Your account

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12 You've borrowed $29,078 on margin to buy shares in Ixnay, which is now selling at $43.4 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. a. Will you receive a margin call? 801151 Yes O No b. At what price will you receive a margin cal? (Round your answer to 2 decimal places.)

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