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Suppose that you just purchased 200 shares of Beta Banana's stock for $60 per share. The initial margin requirement is 70.0%, which means the amount

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Suppose that you just purchased 200 shares of Beta Banana's stock for $60 per share. The initial margin requirement is 70.0%, which means the amount borrowed is $3,600. The corresponding balance sheet is below: Assets Stock $ 12,000.00 Liabilities and Equity Loan from broker Equity Total liabilities and equity $ 3,600.00 $ 8,400.00 $ 12,000.00 Total assets $ 12,000.00 Required: a. Now suppose the price of the stock falls to $37 per share. What is your current margin percentage? (Round your answer to 2 decimal places.) Margin percentage % b. Construct the balance sheet to show the current situation. Assets Liabilities and Equity Stock Loan from broker Equity Total liabilities and equity Total assets c. If the maintenance margin is 40%, at what stock price would you get a margin call? (Round your answer to 2 decimal places.) Price

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