You recently purchased 100 shares of stock at a cost per share of $23.80. The initial margin requirement on this stock is 80 percent and the maintenance margin is 50 percent. The stock is currently valued at $17.90 a share. What is your current margin position? Ignore margin interest.
A) 71.01 percent
B) 71.83 percent
C) 73.41 percent
D) 73.69 percent
E) 74.80 percent

Question

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The Answer of You recently purchased 100 shares of stock at a cost per share of $23.80. The initial margin requirement on this stock is 80 percent and the maintenance margin is 50 percent. The stock is currently valued at $17.90 a share. What is your current margin position? Ignore margin interest.
A) 71.01 percent
B) 71.83 percent
C) 73.41 percent
D) 73.69 percent
E) 74.80 percent

You Recently Purchased 100 Shares of Stock at a Cost