You just purchased 5,000 shares of company X which is currently trading at $34 per share, using your margin account. If the stock price declines to $26 per share, how much do you need to have in your account to comply with the maintenance margin of 40%?

How much do you have in your trading account? Assume an initial margin of 50%.

How much do you need to deposit into your trading account to comply with the maintenance margin of 40% and an initial margin of 50%?