You've borrowed $24,000 on margin to buy shares in Ixnay, which is now selling at...
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You've borrowed $24,000 on margin to buy shares in Ixnay, which is now selling at $32 per share. Your account starts at the initial margin requirement of 50%. The maintenance margin is 35%. Two days later, the stock price falls to $29 per share. o. Will you recelve a margin call? Yes No b. How low can the price of Ixnay shares fall before you recelve a margin call? (Round your answer to 2 decimol places.)
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