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Suppose you are buying stocks on margin. The margin requirement is 4 0 % while the maintenance margin is 2 0 % . Right now,

Suppose you are buying stocks on margin. The margin requirement is 40% while the maintenance margin is 20%. Right now, you put $800 of your own money and the stock you want to buy today has a price of $50 per share.
a. How many shares of stock can you buy if you trade on margin?
b. What is your own equity percentage when the stock price turns out to be $60?
c. What is the margin call price for you?
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