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Dave has borrowed $197,450 on margin to buy Netflix, which is now trading at $133.75 per share. With this transaction, his initial percentage margin is

Dave has borrowed $197,450 on margin to buy Netflix, which is now trading at $133.75 per share. With this transaction, his initial percentage margin is 37%. His broker, Larry, states, and Dave agrees, that the maintenance margin is 20%. Based on the given information, what is the equity value in account?

A. $200,078.45.

B. $174.850.67.

C. $139.134.09.

D. $115,962.70.

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