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Six months ago you purchased 600 shares of stock on margin. Initial margin requirement on your account is 60% and the maintenance margin is 40%

Six months ago you purchased 600 shares of stock on margin. Initial margin requirement on your account is 60% and the maintenance margin is 40% the call money rate plus the spread is 5%. The purchase price was $15 per share. Today you sold these shares for $17 What is your new margin?

A. 64.71%

B. 75.43%

C. 35.38%

D. 52.11%

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