Yvette recently purchased 500 shares of stock at a cost per share of $43.50.The initial margin requirement on this stock is 75 percent and the maintenance margin is 40 percent.The stock is currently valued at $44.75 a share.What is her current margin position? Ignore margin interest.
A) 74.29 percent
B) 74.78 percent
C) 75.70 percent
D) 76.03 percent
E) 76.14 percent
Correct Answer:
Verified
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