You decide to buy 1,400 shares of stock at a price of $60 and aninitial margin of 70 percent. What is the maximum percentagedecline in the stock before you will receive a margin call if themaintenance margin is 30 percent? (Do not roundintermediate calculations. Enter your answer as a percent roundedto 2 decimal places. Do not include a minus sign. Omit the \"%\" signin your response.)

Stock price decline

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