A year ago, Lisa bought 100 shares of TD bank stock on margin at $80 per share. Initial margin is 50% and the maintenance margin is 40%. TD Bank paid an annual dividend of C$3.06 per share last year. Interest rate for the margin loan is 5%. The stock price drops to $62 now after one year. Due to the high growth in business, TDs dividends are expected to grow by 10% for the next 3 years. From year 4 on, the dividends will grow constantly at the sustainable growth rate. TD bank follows a stable dividend payout ratio of 45%. As of the second quarter of 2020, The company has net profit margin of 27.5%, asset turnover of 0.0218 and equity multiplier of 17.84. The required rate of return of TD stock is 7.5%.

After one year, what is the equity position (actual margin) as a percentage?