Assume that you bought 100 shares of stock X at $50 per share in your margin account that has an initial margin of 60%. What would be the actual margin if the price rises to $70 ? 1. 17.43% 2. $71.34 3. $28.57 4.71.43% QUESTION 4 You decide to buy 1,700 shares of stock at a price of $66 and an initial margin of 55 percent. What is the maximum percentage decline in the stock price before you will receive a margin call if the maintenance margin is 40 percent? 1. 52.00% 2. 25.00% 3. none of the above 4. $49.50