Yvette recently purchased 500 shares of stock at a cost per share of $43.50. The initial margin requirement on this stock is 75 percent and the maintenance margin is 40 percent. The stock is currently valued at $44.75 a share. What is her current margin position? Ignore margin interest.

Multiple Choice

• 75.70 percent

• 74.78 percent

• 76.14 percent

• 76.03 percent

• 74.29 percent