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Instructions for the following Questions: Do not just report the answers. Show step by step solution using mathematical and/or Excel formula. B. (25 points) Suppose

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Instructions for the following Questions: Do not just report the answers. Show step by step solution using mathematical and/or Excel formula. B. (25 points) Suppose that Intel currently is selling at $60 per share. You buy 400 shares using $15,000 of your own money, borrowing the remainder of the purchase price from your broker. The rate on the margin loan is 8%. a. What is the percentage increase in the net worth of your brokerage account if the price of Intel immediately changes to: (i) $63.90; (ii) $56.10? b. If the maintenance margin is 25%, how low can Intel's price fall before you get a margin call? c. How would your answer to (b) change if you had financed the initial purchase with only $12,000 of your own money? d. What is the rate of return on your margined position (assuming again that you invest $15,000 of your own money) if Intel is selling after 1 year at: (i) $63.90; (iii) $56.10? e. Continue to assume that a year has passed. How low can Intel's price fall before you get a margin call

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