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Tom recently purchased 1000 shares of stock at a cost per share of $50.50. The initial margin requirement on this stock is 75 percent and

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Tom recently purchased 1000 shares of stock at a cost per share of $50.50. The initial margin requirement on this stock is 75 percent and the maintenance margin is 35 percent. The stock is currently valued at $44.75 a share. What is her current margin position? Ignore margin interest For the toolbar, press A1T-F10 (PC) or ALT+FN+F10 (Mac). :EVE UT... BIVS Paragraph Open Sanss 10

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