Answer:
Without more information about the lower magnet and the conditions under which the experiment is being conducted, it is difficult to provide a definitive answer. However, in general, whether or not the lower magnet floats depends on its density and the density of the surrounding medium.
If the lower magnet is less dense than the surrounding medium, it will float. If it is more dense, it will sink. If the lower magnet is the same density as the surrounding medium, it will remain suspended at that level.
It is also important to consider other factors such as the strength of the magnetic force and any other forces acting on the magnets. These factors can affect the behavior of the magnets and the overall outcome of the experiment.