Susan has a margin account. She logged into her online account and her margin account (REAL TIME) on July 2, 2020 showed a credit balance of $1,500. She decided to purchase 100 shares of TD Bank (TSX:TD) a blue chip company that offers 70% loan value for $30.40. The total cost of the shares is $3,040 (ignore commissions). What would show on her margin statement after the transaction? (assuming no new trades and no interest has been paid or charged)? Question 8 options: Under margin $588 Under margin $1540 Excess margin $1540 Excess margin $588