1. Tony purchased 100 shares of T-Rex stock for $43 a share. On the same day, Sam also purchased 100 shares of T-Rex stock for $43 a share. Tony paid cash for his purchase while Sam used margin. The initial margin requirement on this stock is 60 percent while the maintenance margin is 40 percent. Both Tony and Sam sold their shares after eight months at a price of $40 a share. The stock pays no dividends. a. What is the HPR for Tony? b. What is the HPR for Sam? c. Who had better performance and why? d. Show Sam's initial balance sheet positions for his trade. e. Six months later and the market price is $41 per share. Show his new balance sheet position. f. When Sam sells his shares after eight months, calculate his annualized rate of return given the call money rate is 4.8 percent and he pays 1.85 percent above that rate