Help Save & Exit Submit 6 Suppose that you just purchased 200 shares of Beta Banana's stock for 560 per share. The initial margin requirement is 70.0%, which means the amount borrowed is $3,600. The corresponding balance sheet is below: Assets Labies and Equity Stock $ 12,000.00 Loan from broker $ 3,600.00 Equity 58.400.00 Total assets 31,200.00 Total liabilities and equity $ 12,000.00 Required: a. Now suppose the price of the stock fails to $37 per share. What is your current margin percentage? (Round your answer to 2 decimal places.) 10 erences Margin percentage 51.36 b. Construct the balance sheet to show the current situation Assets Stock 5 Labies and Equity 7.400 Loan from broker Equity 7.400 To labies and equity Total assets $