. You deposit $120,000 cash in a brokerage account and buy stocks with the market value $200,000 (without commission), the initial margin requirement is 50%. The maintenance margin is 30%. You paid 0.5% of transaction value commissions for each transaction. Suppose the stocks pay $5000 cash dividends and ignore the loan interest expenses. You do not trade stocks until you receive a margin call. What is the value of your stock holdings when you receive a margin call in three months? (9 marks)