Question: You deposit $ 1 4 7 , 0 0 0 cash in a brokerage account and purchase $ 2 4 7 , 0 0 0

You deposit $147,000 cash in a brokerage account and purchase $247,000 of stocks on margin by borrowing $100,000 from your broker. The required maintenance margin is 40%. Later, the value of your stock holdings falls to $172,000. What is your new account margin in percent? Will you receive a margin call?

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