1. Show work please. I want to learn! Suppose that Xtel currently is selling at $30 per share. You buy 1,000 shares using $20,000 of your own money, borrowing the remainder of the purchase price from your broker. The rate on the margin loan is 8%.
   1. What is the percentage increase in net worth of your brokerage account if the price of Xtel immediately changes to:
      1. $35
      2. $30
      3. $25