Suppose you want to purchase $20,000 worth of stock trading at $40 per share. The broker allows you to borrow.?

Suppose you want to purchase $20,000 worth of stock trading at $40 per share. The broker allows you to borrow.?

Suppose you want to purchase $20,000 worth of stock trading at $40 per share. The broker allows you to borrow money with no less than 60% initial margin.
a. How much money can you borrow, and how much of you own money must be used?
b. What is the margin percentage if the stock increases to $50 per share?
c. If the maintenance margin is 25%, at what price would the stock have to be for you to receive a margin call?

Thanks

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