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9) Matt short sold 500 shares of stock at $12.50 a share. The initial margin is 80 percent and the maintenance margin is 50 percent.

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9) Matt short sold 500 shares of stock at $12.50 a share. The initial margin is 80 percent and the maintenance margin is 50 percent. The stock is currently selling for $9.80 a share. What is Matt's margin ratio at this time? Ignore margin interest. A) 55.12% B) 127.00% C) 129.59% D) 97.55% E) None of the above

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