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Several weeks ago, Suzy bought 100 shares of stock at $30 per share on margin.Her broker had an initial margin requirement of 65% and Suzy

Several weeks ago, Suzy bought 100 shares of stock at $30 per share on margin.Her broker had an initial margin requirement of 65% and Suzy financed the balance.The price of Suzy's stock has since fallen to $14 per share.Given the $14 price per share, determine Suzy's new margin position.

a) 38%

b) 25%

c) 53%

d) 46%

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