Suppose that you just purchased 100 shares of Beta Bananas stock for $40 per share. The initial margin requirement is 70.0%, which means the amount borrowed is $1,200. The corresponding balance sheet is below:

Assets	Liabilities and Equity
Stock	$ 4,000.00	Loan from broker	$ 1,200.00
		Equity	$ 2,800.00
Total assets	$ 4,000.00	Total liabilities and equity	$ 4,000.00

Required:

a. Now suppose the price of the stock falls to $29 per share. What is your current margin percentage? (Round your answer to 2 decimal places.)

b. Construct the balance sheet to show the current situation.

c. If the maintenance margin is 35%, at what stock price would you get a margin call? (Round your answer to 2 decimal places.)