The following information applies to the next three questions (25-27) You would like to buy 300 shares of TNT stock at $40 per share in your margin account (using the maximum margin). The initial margin requirement was 50% and the maintenance margin was 25%. How much would you initially borrow? 1. $12,000 2. $6,000 3. $4,800 4. $3,600 5. $2,400 Based on the information from Q 25, what would be the lowest stock price possible before you receive a margin call? 1. $22.86 2. $24.15 3. $26.67 4. $28.52 5. $29.75 Based on the information from Q 25, suppose the stock price dropped to $28 after your purchase. How much, if any, do you need to add to your account in order to maintain the minimum maintenance margin? 1. $0 2. $150 3. $200 4. $250 5. $500