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Please show all work and formulas. You have $20,000 to invest and you have decided to buy Shake Shack (SHAK) on margin. Your broker requires

Please show all work and formulas.
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You have $20,000 to invest and you have decided to buy Shake Shack (SHAK) on margin. Your broker requires an initial margin of 60% and a maintenance margin of 40%. Currently, Shake Shack is trading for $160 per share. a. Approximately how many shares can you buy in total? b. If the price drops to S120 per share, will you receive a margin call? c. How far can the price fall before your broker issues a margin call

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