Background *MARGIN ACCOUNTS-A margin account is a type of investment account which allows you to borrow money from your Broker to pay for new purchase for the account. In such cases, the client pays only a portion of the purchase price, and the investment dealer lends the balance of the purchase price to the client. Interest is charged on the loan. *NOTE: The word MARGIN refers to the amount of funds the investor must personally provide. The broker lends the remainder to the investor. The maximum loan from the broker is up to 50% of the current market value of the borrowed shares. As the current value of the shares changes each day, so does the maximum loan amount. Question-Determining the Amount of the Margin Call Assume that today, your client buys 1,000 shares of ABC Company on margin at a Ioan rate of 50%. ABC 's current share price is $25 per share. (a) (4 Marks) REQUIRED How much money does the client have to deposit into their margin account to settle the purchase