You Purchased 400 Shares of ABC Stock for $14 a Share

You purchased 400 shares of ABC stock for $14 a share. The stock was purchased with an initial margin of 55%. The maintenance margin is 30%. The stock is currently selling for $12 a share. What is the minimum dollar amount of equity that you must have today to avoid a margin call?

A) $1,440
B) $1,510
C) $1,155
D) $1,245
E) $1,360