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6.) (12 points) You purchased 1,000 shares of stock for $40 per share. You borrowed $16,000 from your broker to help pay for the purchase.

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6.) (12 points) You purchased 1,000 shares of stock for $40 per share. You borrowed $16,000 from your broker to help pay for the purchase. A.) How much initial percent margin do you have in your account? B.) If the stock rose to $53 after one year, what percent return would you receive? Assume your broker charges 8% per year on margin interest loans, but that there are no other transaction costs for buying or selling stock. C.) If the price of the stock falls to $32 after one year, and once again your broker charges 8% per year on margin interest loans but does not charge any transaction costs, what percent margin is remaining in your account after one year? If the maintenance margin amount is 40%, will you receive a margin call

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