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Question
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
Answer
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