Suppose you want to purchase 750 shares of Pepsi stock on margin. Stock price is $170 per share. Your brokerage firm has an initial margin of 55% and maintenance margin of 35%. Assume this is the only position in your brokerage account.

1)If Pepsis stock price becomes $200, will there be a margin call? Explain or show work.

2)If Pepsis stock price becomes $150, will there be a margin call? Explain or show work.

3)At what stock price will a margin call be triggered for Pepsi? Show all work.