An investor buys $32,000 worth of a stock priced at $40 per share using 60% initial margin. The broker charges 4% on the margin loan and requires a 35% maintenance margin. The stock pays a $.40 per share dividend in 1 year, and then the stock is sold at $42 per share. What is the price at which the investor gets a margin call

Question 18 options:

	$26.84
	$27.01
	$26.12
	$24.62