Yvette Recently Purchased 700 Shares of Stock at a Cost

Yvette recently purchased 700 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 $45.10 a share. What is her current margin position? Ignore margin interest.

A) 74.29 percent
B) 74.78 percent
C) 75.89 percent
D) 76.03 percent
E) 76.14 percent