You are managing an alternative equity portfolio that uses leverage in a quest for market-beating returns. Your fund invests in a single stock. (So, not just alternative, but an alternative universe.) It currently holds 2 million shares of ExxonMobile (XOM) at a price of $61/share and no leverage. You are going to take full advantage of the margin allowed to lever up your portfolio. Suppose your initial margin (IM) is set at 50% and your maintenance margin (MM) is 35%. At what price will you receive a margin call?