Question 85 on afternoon CFA Mock exam understand, commission, afternoon

andytrader

I do not understand the solution to this question
An investor opens a margin account with an initial deposit of $5,000. He then purchases 300 shares of a stock at $30. His margin account has a maintenance margin requirement of 30%. Ignoring commission and interest, the price (in $) at which the investor receives a margin call is closest to:
The solution calls for 300P  $4,000/300 P = .30 and solve for P
Where does the $4,000 come from? I don’t see it anywhere. Does anyone know?
Thanks,