Kemalning Time: 1 hour, 27 minutes, 26 seconds. useo... https://bb.umfint.edu/obes hittoor * Question Completion Status: O amount QUESUITCO Question 2 16 polnts Saveiros Use the following information to solve for FOUR QUESTIONS BELOW. USE AT LEAST 4 DECIMALS FOR ACCURATE RESULTS. Six months ago, you purchased 500 shares of stock on margin. The initial margin requirement on your account is 60% and t aintenance margin is 40%. The call money! rate plus the spread is 4.7% (with annual compounding). The purchase price was $15 per share. Today, you sold these shares for $18 each. #1) How much did you borrow? That is, what is the margin loan? #2) What is your new margin? #3) What is your Effective Annual Return (EAR)? #4) At what price (P) would you receive a margin call? *This problem has FOUR QUESTIONS (and so is worth FOUR QUESTIONS), so please choose FOUR ANSWERS. #1) MARGIN LOAN = $3,000 #1) MARGIN LOAN = $4,500 #1) MARGIN LOAN = $6,000 #1) MARGIN LOAN = $7,500 #2) NEW MARGIN = 43.43% #2) NEW MARGIN = 55.55% #2) NEW MARGIN = 66.67% #2) NEW MARGIN = 72.72% #3) EAR = 11.22% #1) How much did you borrow? That is, what is the margin loan? #2) What is your new margin? #3) What is your Effective Annual Return (EAR)? #4) At what price (P) would you receive a margin call? *This problem has FOUR QUESTIONS (and so is worth FOUR QUESTIONS), so please choose FOUR ANSWERS. #1) MARGIN LOAN = $3,000 #1) MARGIN LOAN = $4,500 #1) MARGIN LOAN = $6,000 #1) MARGIN LOAN = $7,500 #2) NEW MARGIN = 43.43% #2) NEW MARGIN = 55.55% #2) NEW MARGIN = 66.67% #2) NEW MARGIN = 72.72% #3) EAR = 11.22% #3) EAR = 33.35% #3) EAR = 43.45% #3) EAR = 73.67% #4) Price that would lead to margin call = $8.5 or lower #4) Price that would lead to margin call = $10 or lower #4) Price that would lead to margin call - $11.5 or lower #4) Price that would lead to margin call = $14 or lower