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Suppose that XTel currently is selling at $ 4 0 per share. You buy 5 0 0 shares using $ 1 5 , 0 0

Suppose that XTel currently is selling at $40 per share. You buy 500 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%.
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a. What is the percentage increase in the net worth of your brokerage account if the price of XTel immediately changes to (i) $44; $40; (iii) $36?(Leave no cells blank - be certain to enter "0" wherever required. Negative values should be indicated by a minu sign. Round your answers to 2 decimal places.)
\table[[(i) Percentage gain,13.33,%
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