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You borrowed 100 shares of IBM from your broker and sold them at the price of %145 per share. You put in $8700 in cash

You borrowed 100 shares of IBM from your broker and sold them at the price of %145 per share. You put in $8700 in cash buffer. A day later, the price per share drops to 138. The margin in your account at that time is____.

A. 68.12%

B. 54.35%

C. 23.45%

D. 78.125

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