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You purchased 1 0 0 shares of XYZ on margin at $ 6 1 4 per share. Assume the initial margin is 5 0 %

You purchased 100 shares of XYZ on margin at $614 per share. Assume the initial margin is 50% and the stock pays no dividend. What's the equity value ($) in your account when the stock price falls to $600? Hint: Dollar value, not percentage margin.
What would the maintenance margin (%) be if a margin call is made at a stock price of $500? Ignore interest on margin. Hint: An integer number between 0 and 100.

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