An investor purchases 125 shares of a stock with each share trading at $85. Investor pays $8,000 out of her pocket and borrows the rest from her broker. Suppose that the maintenance margin on this stock is 30%. How far can the stock fall before the investor would get a margin call? (Hint: first solve the initial margin. See the relevant lecture handout for more details).

Clearly label your findings (e.g., enterprise value = ..) and designate which part of the question you are answering such a, b, c (if there are multiple parts). Show your work by typing it in Canvas. Answers (whether correct or incorrect) without work shown will receive zero points. Simply typing your work will suffice. (e.g., x = y + 2z). No need to use mathematical functions in Canvas.