You had a margin account with $5,000 equity. Together with the $5,000 you borrowed from your broker, you purchased 100 shares of IBM stocks at $100 per share. One year later (today), the IBM stock price falls to $60 per share. Assume margin interest rate is 9% per year. What is the current margin of your account? A. 83.33% B. 55.05% C. 25.67% D. 9.17%
