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i just need the answer for C Suppose that XTel currently is selling at $40 per share You buy 800 shares using $25,600 of your
i just need the answer for C
Suppose that XTel currently is selling at $40 per share You buy 800 shares using $25,600 of your own money, borrowing the remainder of the purchase price from your broket. The rate on the margin loan is 10% Required: a. What is the percentage increase in the net worth of your brokerage account If the price of Telemediately changes to (1844: (1) $40,01 836? (Leave no cells blank.be certain to enter "0" wherever required. Negative values should be indicated by a minus sign. Round your answers to 2 decimal places.) Answer is complete and correct. Percentage gain 1250 Percentage Igain 0 Percentage (12.50) gain Draw 12 15. If the maintenance margin is 20%, how low can XTel's price fall before you get a margin call? (Round your answer to 2 decimal places.) Answer is complete and correct. s 10.00 Price c. How would your answer to requirement b would change if you had financed the initial purchase with only $16,000 of your own money (Round your answer to 2 decimal places.) Price Step by Step Solution
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