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28. Portfolio Margin (LO3, CFA4) Assume that you have identified three different stocks that you would like to purchase. You decide to buy 100 shares

28. Portfolio Margin (LO3, CFA4) Assume that you have identified three different stocks that you would like to purchase. You decide to buy 100 shares of each stock. Stock A is priced at $30; Stock B is priced at $40; and Stock C is priced at $50. Assuming you deposit $7,200 of your own money and borrow the remainder, construct the equity account balance sheet for this trade. If the maintenance margin is 30 percent, at what portfolio value would a margin call result?

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