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Suppose that Xtel currently is selling at $ 5 0 per share. You buy 9 0 0 shares using $ 3 6 , 0 0

Suppose that Xtel currently is selling at $50 per share. You buy 900 shares using $36,000 of your own money, borrowing the remainder of the purchase price from your broker. The rate on the margin loan is 7%.
a. What is the percentage increase in the net worth of your brokerage account if the price of Xtel immediately changes to (a) $56; (b) $50; (c) $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.)
a. Percentage gain
%
b. Percentage gain
%
c. Percentage gain
%

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