Today is 1 March 2018 and you have borrowed R20 000 on margin to purchase shares in MNT, which is now selling at R40 per share. Your account starts at initial margin requirement of 50%. The maintenance margin is 35%

1.) what is the equity portion of your total sale proceeds?

2.) On 3 march, the stock price of MNT falls to R35 per share. Will you receive a margin call?

3.) How low can the price of MNT shares fall before you receive a margin call