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Chicago Trader opens a brokerage account and purchases 300 shares of Internet Dreams at $50 per share. He borrows $3,000 from her broker to help

Chicago Trader opens a brokerage account and purchases 300 shares of Internet Dreams at $50 per share. He borrows $3,000 from her broker to help pay for the purchase. The interest rate on the loan is 8%. If the share price falls to $30 per share by the end of the year, what is the margin percentage in his account?

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