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Can you walk me through the steps of how my teacher got these answers clearly? Problem 1 (15 total points): A T-table is given on

Can you walk me through the steps of how my teacher got these answers clearly?
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Problem 1 (15 total points): A T-table is given on the next page to help you solve this problem. 482 days ago, you purchased 400 shares of stock on margin. The initial margin requirement on your account is 60 percent and the maintenance margin is 30 percent. The call money rate is 3.50 percent and you pay 1.65 percent above that rate. When you bought the stock, the purchase price was $27 a share. Today, you sold these shares for $24 each. During the period you held the stock the company made a one-time dividend payment of $0.35 per share. a What did the loan cost ou in dollars? 3 oints Loan = $296.19 How much dividend income did ou earn in dollars ? Total Dividends = $140 3 oints c What is our HPR in ercent ? 6 oints EQN - EQO - Loan + Dividends HPR = EQO $5,280 - $6,480 - $296.19 + $140 HPR= $6,480 -$1,356.19 $6,480 = 20.93% exact - PR 0.2093 - = 20.93 (d) What is our annualized rate of return (APY, in ercent)? Y = - 0.1629 = - 16.29% (3 able for roblem 1 is ven on the next a e to assist ou in this oints) roblem

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