29. You recently purchased 700 shares of Adelp stock for $21 a share. Your broker required a cash payment of $11,025, plus trading costs, for this purchase. What was the initial margin requirement? A. 60 percent B. 65 percent C. 70 percent D. 75 percent E. 80 percent 30. Tom purchased 200 shares of stock for $28 a share and sold them 4 months later for $30 a share. The initial margin was 60 percent. He received no dividend income. His holding period percentage return was and trading costs. percent while it would have been A 7.14; 11.90 B.7.14; 17.86 c. 11.90; 7.14 D. 11.90; 8.77 E. 11.90; 17.86 percent had he not used margin for the purchase. Ignore margin interest 31. You purchased 1,200 shares of stock for $54 a share. The initial margin was 70 percent and the maintenance margin is 35 percent. What is the lowest that the stock price can go before you receive a margin call