You$$ve borrowed $$22,032$ on margin to buy shares in Ixnay, which is now selling at $$40\mathrm{.}8$ per share. You invest $1,080$ shares. Your account starts at the initial margin requirement of $50\%.$ The maintenance margin is $35\%.$ Two days later, the stock price changes to $$39$ per share.You've borrowed $$22,032$ on margin to buy shares in Ixnay, which is now selling at $$40\mathrm{.}8$ per share. You

invest $1,080$ shares. Your account starts at the initial margin requirement of $50\%.$ The maintenance margin

is $35\%.$ Two days later, the stock price changes to $$39$ per share.

Required:

a$.$ Will you receive a margin call?

Yes

No

b$.$ At what price will you receive a margin call? $($Round your answer to $2$ decimal places.$)$

Stock price