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Suppose that XTel currently is selling at $50 per share, You buy 400 shares using $13,000 of your own money, borrowing the remainder of the

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Suppose that XTel currently is selling at $50 per share, You buy 400 shares using $13,000 of your own money, borrowing the remainder of the purchase price from your broker. The rate on the margin loan is 9%. Required: o. What is the percentage increase in the net worth of your brokerage account if the price of XTel immediately changes to (i) $54; (ii) $50; (ii) $46 ? (Leave no cells blank - be certain to enter " 0 " wherever required. Negative values should be indicoted by a minus sign. Round your answers to 2 decimal places.) Answer is complete but not entirely correct. b. If the maintenance margin is 35%, how low can XTel's price fall before you get a matgin call? (Round your onswer to 2 decimol ploces.) c. How would your answer to requirement b would change if you had financed the initial purchase with only $10,000 of your own moncy? (Round your answer to 2 decimal places.) Price d. What is the rate of return on your margined position (assuming again that you invest $13,000 of your own money) if X Tel is selling after one year at (i) \$54: (ii) \$50; (iil) \$46? (Negative volues should be indicoted by o minus sign. Round your onswers to 2 decimol places.) Suppose that XTel currently is selling at $50 per share, You buy 400 shares using $13,000 of your own money, borrowing the remainder of the purchase price from your broker. The rate on the margin loan is 9%. Required: o. What is the percentage increase in the net worth of your brokerage account if the price of XTel immediately changes to (i) $54; (ii) $50; (ii) $46 ? (Leave no cells blank - be certain to enter " 0 " wherever required. Negative values should be indicoted by a minus sign. Round your answers to 2 decimal places.) Answer is complete but not entirely correct. b. If the maintenance margin is 35%, how low can XTel's price fall before you get a matgin call? (Round your onswer to 2 decimol ploces.) c. How would your answer to requirement b would change if you had financed the initial purchase with only $10,000 of your own moncy? (Round your answer to 2 decimal places.) Price d. What is the rate of return on your margined position (assuming again that you invest $13,000 of your own money) if X Tel is selling after one year at (i) \$54: (ii) \$50; (iil) \$46? (Negative volues should be indicoted by o minus sign. Round your onswers to 2 decimol places.)

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