1. Long Purchase with Margin You open a brokerage account and deposit $18,000. For your first trade you buy 500 shares of Micron Technology (Ticker:MU). You place a market order and Your execution is filled at $59.10. (ignore commissions for this problem). A. Compute the cost of the trade. B. Compute the equity percentage in the account immediately after your purchase. C. After 3 months MU has declined by 30%. How much equity do you have in the account in dollar terms and What is the equity percentage in the account? D. The maintenance margin is 25%. Compute the Price at which you will receive a margin call. 2.) Long Purchase with Margin You place market order purchase 500 Shares of Bojangles Inc. (Ticker: BOJA). The order is executed when the market is: BID 134.98 X 1000 ASK 135.00 X 1000 A. The Initial Margin is 50%. How much equity (cash) would you need in your account to execute this trade? B. The interest on the margin loan is 7%. You hold the stock for 1 year and then place a market order to sell 500 shares when the market is: BID: 168.75 X 800 ASK 168.79 X 700 What is your rate of return