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You ve borrowed $ 3 0 , 8 0 0 on margin to buy shares in Ixnay, which is now selling at $ 4 4

Youve borrowed $30,800 on margin to buy shares in Ixnay, which is now selling at $44.0 per share. You invest 1,400 shares. Your account starts at the initial margin requirement of 50%. The maintenance margin is 35%. Two days later, the stock price changes to $55 per share.
Required:
a. Will you receive a margin call?
multiple choice
Yes
No
b. At what price will you receive a margin call? (Round your answer to 2 decimal places.)

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