Problem 3-24 (Algo) Suppose that XTel currently is selling at $50 per share. You buy 600 shares using $22,500 of your own money, borrowing the remainder of the purchase price from your broker. The rate on the margin loan is 8%. Required: a. What is the percentage increase in the net worth of your brokerage account if the price of XTel immediately changes to (i) $55; (ii) $50; (ii) $45? (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.) % (1) Percentage gain (ii) Percentage gain (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.) Price c. How would your answer to requirement b would change if you had financed the initial purchase with only $15,000 of your own money? (Round your answer to 2 decimal places.) Price d. What is the rate of return on your margined position (assuming again that you invest $22,500 of your own money) if XTel is selling after one year at (i) $55; (ii ) $50; (ii) $45? (Negative values should be indicated by a minus sign. Round your answers to 2 decimal places.) (0) Rate of return (ii) Rate of return (iii) 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? Note: Assume maintenance margin of 25% (Round your answer to 2 decimal places.) Price