14. You purchased 100 shares of ABC comon stock on margin at $70 per share. Asssume the intial margin is 50% and the minimum margin is 30%. Below what stock price level would you get a margin call?...

14. You purchased 100 shares of ABC comon stock on margin at $70 per share. Asssume the intial margin is 50% and the minimum margin is 30%. Below what stock price level would you get a margin call? Assume to stock pays no dividend; ignore interest on margin.

a. $21

b. $50