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Suppose that x Tel currently is selling at $ 5 0 per share. You buy 5 0 0 shares using $ 1 7 , 5

Suppose that x Tel currently is selling at $50 per share. You buy 500 shares using $17,500 of your own money, borrowing the remainder of the purchase price from your broker. The rate on the margin loan is 8%.
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a. What is the percentage increase in the net worth of your brokerage account if the price of Tel 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.)
\table[[(i) Percentage gain,,%
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