You've borrowed $26,838 on margin to buy shares in Ixnay, which is now selling at $42.6 per share. You invest 1,260 shares. Your account starts at the initial margin requirement of 50%. The maintenance margin is 35%. Two days later, the stock price changes to $48 per share. Required: a. Will you receive a margin call? OYes No b. At what price will you receive a margin call? (Round your answer to 2 decimal places.) Stock price X This is a numeric cell, so please enter numbers only.

You've borrowed $26,838 on margin to buy shares in ixnay, which is now selling at $42.6 per share. You invest 1,260 shares. Your account starts at the initial margin requirement of 50%. The maintenance margin is 35%. Two days later, the stock price changes to $48 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.) You've borrowed $26,838 on margin to buy shares in ixnay, which is now selling at $42.6 per share. You invest 1,260 shares. Your account starts at the initial margin requirement of 50%. The maintenance margin is 35%. Two days later, the stock price changes to $48 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.)