You purchase 950 shares of 2nd Chance Co. stock on margin at a price of $43. Your broker requires you to deposit $22,000. a. What is your margin loan amount? (Do not round intermediate calculations.) Margin loan b. What is the initial margin requirement? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Margin requirement Margin requirement [ 1% You have $54,000 and decide to invest on margin. If the initial margin requirement is 50 percent, what is the maximum dollar purchase you can make? (Round your answer to the nearest whole number.) Maximum purchase The stock of Flop Industries is trading at $33. You feel the stock price will decline, so you short 1,500 shares at an initial margin of 75 percent. If the maintenance margin is 30 percent, at what share price will you receive a margin call? (Do not round intermediate calculations. Round your answer to 2 decimal places.) Margin call price