Suppose that $x$ Tel currently is selling at $$50$ per share. You buy $700$

shares using $$28,000$ of your own money, borrowing the remainder

of the purchase price from your broker. The rate on the margin loan

is $9\%.$

Required:

a$.$ What is the percentage increase in the net worth of your

brokerage account if the price of XTel immediately changes to $($i$)$

$$56$; $($ii$)$ $$50$; $($ii$)$ $$44?($Leave no cells blank $-$ be certain to enter $"0"$

wherever required. Negative values should be indicated by a

minus sign. Round your answers to $2$ decimal places.$)$

b$.$ If the maintenance margin is $20\%,$ 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 $$17,500$ of your own

money? $($Round your answer to $2$ decimal places.$)$