Big Money Investor Miguel Torres goes long 2500 shares of XYZ stock at $52 per share, using as little of his own money as he could. His broker allows full initial margin, but restricts maintenance margin to 30%. After taking this position, the price of the stock begins to fall. Miguel nervously watches the market close and begins to freak out as the price falls rapidly overnight to $32 per share. What is Miguel's margin level (%) at this point