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You've borrowed $30,000 on margin to shares in Tortuga, which is now selling at $60 per share. Your account starts with the initial margin requirement

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You've borrowed $30,000 on margin to shares in Tortuga, which is now selling at $60 per share. Your account starts with the initial margin requirement of 50%. The maintenance margin is 35%. Two days later, the stock price falls to $50 per share. Disregarding any interest that may have accrued, will you receive a margin call? no, there is still 40% margin yes, margin is 30% no, there is still 38% margin yes, margin is 33%

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