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You bought 400 shares of Brooklyn Trading Co. on margin at $55 per share yesterday. Initial margin and maintenance margin are 35% and 45% respectively.

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You bought 400 shares of Brooklyn Trading Co. on margin at $55 per share yesterday. Initial margin and maintenance margin are 35% and 45% respectively. The stock price per share goes down to $52 today. What is the equity value today on your margin account and what is the margin percent as of today? 7,700, 31.396 19,750,51.3% 14,300, 51,3% 6,500, 31.396

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