Ivy purchased 450 shares of stock FLY at the price of $125 per share. She only paid the amount to satisfy the 60% of initial margin requirement and borrowed the rest from her broker. The maintenance margin requirement is 40%. The broker charges 8% on the margin loan. If the stock price changes from $125 to $102 one year later, what is the remaining margin (percentage margin) in the account? A. 51% B. 45% C. 47% D. 49%

Finance