Suppose that Xtel currently is selling at $20 per share. You buy 1,000 shares using $15,000 of your own money, borrowing the remainder of the purchase price from your broker. The rate on the margin loan is 8%. a. What is the percentage increase in the net worth of your brokerage account if the price of Xtel immediately changes to: (0) $22; (1) $20: (iii) $18? 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.) i. Percentage gain ii. Percentage gain ii. Percentage gain 13.33% 0 % (13.33)% 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 | 5 13.33 or lower c. How would your answer to (b) change if you had financed the initial purchase with only $10,000 of your own money? (Round your answer to 2 decimal places.) Margin call will be made at price $ 26.67 or lower 4 d. What is the rate of return on your margined position (assuming again that you invest $15,000 of your own money) if Xtel is selling after one year at: (0) $22; (ii) $20; (i) $18? 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.) % Rate of return Rate of return Rate of return % iii. % 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 i. % Rate of return Rate of return % iii. Rate of return %