Problem 3-11 Suppose that Xtel currently is selling at $54 per share. You buy 450 shares using $10,000 of your own money, borrowing the remainder of the purchase price from your broker. The rate on the margin loan is 7%. a. What is the percentage increase in the net worth of your brokerage account if the price of Xtel immediately changes to: () $57.78; (ii) $54; (i) $50.22? What is the relationship between your percentage return and the percentage change in the price of Xtel? (Leave no cells blank-be certain to enter "O" wherever required. Negative values should be indicated by a minus sign. Round your answers to 2 decimal places.) L Percentage gain % Percentage gain 0% II. Percentage gain % b. If the maintenance margin is 25%, how low can Xtel's price fall before you get a margin call? (Round your answer to 2 decimal places.) Margin call will be made at price or lower c. How would your answer to (b) change if you had financed the initial purchase with only $12,150 of your own money? (Round your answer to 2 decimal places.) Margin call will be made at price or lower d. What is the rate of return on your margined position (assuming again that you invest $10,000 of your own money) if Xtel is selling after 1 year at: () $57.78; (ii) $54; (ii) $50.22? What is the relationship between your percentage return and the percentage change in the price of Xtel? Assume that Xtel pays no dividends. (Negative values should be indicated by a minus sign. Round your answers to 2 decimal places.) L Rate of return % Rate of return % Rate of return e. Continue to assume that a year has passed. How low can Xtel's price fall before you get a margin call? (Round your answer to 2 decimal places.) Margin call will be made at price or lower