You own 700 shares of a stock that you purchased on margin at a price per share of $20.12.The stock is currently valued at $23 a share.Your broker advised you today that your minimum equity position for this purchase is $5,635 as of today.What is the maintenance margin percentage?
A) 25 percent
B) 30 percent
C) 35 percent
D) 40 percent
E) 50 percent
Correct Answer:
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