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Suppose Elone Musk opens a brokerage account and purchases 3 0 0 shares of X Inc. at $ 4 0 per share. He borrows $

Suppose Elone Musk opens a brokerage account and purchases 300 shares of X Inc. at $40 per share. He borrows $4,000 from his 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 remaining margin in his account?
Group of answer choices
$4,680
$4,320
$4,000
$9,000
None of the above

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