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You purchase 300 shares of CUW at $27.27 using your full margin which as an initial margin of 50% (or 0.50 ). The maintenance margin

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You purchase 300 shares of CUW at $27.27 using your full margin which as an initial margin of 50% (or 0.50 ). The maintenance margin is 35% (or 0.35 ). At what price will you get your margin call?" (Neglect any interest on the cash loan) [Enter your answer in dollars with 2 decimals, but do not use the "\$".)

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