Your best friend just opened a margin account with exist35000 in cash, and she wants to purchase shares in Panera Bread. (She thinks it is a very tasty option given the Company's recent performance.) Her broker's initial margin requirement for Panera is 55%, and the maintenance margin level is 40%. What is the maximum number of shares she can purchase of the stock given its current price of exist64 share? (Round your answer down to the nearest share since you can't purchase fractional shares. Leave the commas, if any, out of your answer.) Your Answer:_____________Answer Your friend Bill has a brokerage account with a 60% initial margin requirement and a 40% maintenance margin level. What is the maximum amount that he can invest to purchase shares of stock if his cash balance in the account is exist44000? This is also known as his "buying power," and it includes his investment and any money the broker is willing to lend him. You might also be interested to know that the temperature at the time of Bill's decision is 30 degrees. There will be many times in your life that you have information that you don't need. You will have to sort through what you have and gather what you do need