9) You purchased 1,000 shares of stock at $42 a share. The stock is currently selling for $45 a share. The initial margin was 70 percent and the maintenance margin is 30 percent. What is your current margin position? A) 28.36 percent B) 25.00 percent C) 75.00 percent D) 63.59 percent E) 72.00 percent 10) You own 500 shares of a stock that you purchased on margin at a price per share of $20.12. The stock is currently valued at $24 a share. Your broker advised you today that your minimum equity position for this purchase is $4,800 as of today. What is the maintenance margin percentage? A) 25 percent B) 30 percent C) 35 percent D) 40 percent E) 50 percent