You convinced your parents to purchase 1000 shares of PetSmart stock on margin when the stock was selling for exist25 a share. The stock is currently selling for exist31 per share. What is the minimum amount of equity that your parents must currently have in this security to avoid a margin call if the maintenance margin level is 35%? We will assume this is the only stock they own just to simplify things. (Show your answer to the nearest exist1. When you input your answer, do not include the sign or any commas. If your answer is negative, do include the "-" immediately in front of your value. For example, you would input a value of -exist10,000 as -10000.) Your Answer:_________________ Answer You purchased 1000 shares of Intel stock at exist58 per share. Intel is currently selling for exist76 per share. The initial margin requirement was 50%, and the maintenance margin level is 40%. What is the required minimum dollar amount which you must have as equity in this stock today? In other words, if you had less than this amount, you would be getting a margin call. (Show your answer to the nearest exist1. When you input your answer, do not include the sign or any commas. If your answer is negative, do include the "-" immediately in front of your value. For example, you would input a value of -exist10,000 as -10000.)