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Check 1 You've borrowed $21.008 on margin to buy shares in Ixnay, which is now selling at $40.4 per share. You invest 1,040 shares. Your

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Check 1 You've borrowed $21.008 on margin to buy shares in Ixnay, which is now selling at $40.4 per share. You invest 1,040 shares. Your account starts at the initial margin requirement of 50%. The maintenance margin is 35%. Two days later, the stock price changes to $37 per share. a. Will you receive a margin call? 133 points Skipped Yes No eBook Print b. At what price will you receive a margin call? (Round your answer to 2 decimal places.) References Stock price

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