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Problem $4-06$

Barbara buys $90$ shares of DEM at $$32\mathrm{.}00$ per share and $170$ shares of GOP at $$42\mathrm{.}00$ per share. They buy on margin and the broker charges interest of $8$ percent on the

a$.$ If the margin requirement is $46$ percent, what is the maximum amount they can Ioan. borrow? Round your answer to the nearest cent.

$ $$

b$.$ If they buy the stocks using the borrowed money and holds the securities for a year, how much interest must they pay? Round your answer to the nearest cent.

$ $q,23$

c$.$ If after a year they sell DEM for $$19\mathrm{.}00$ per share and GOP for $$29\mathrm{.}00$ per share, how much did they lose on their investment? Use a minus sign to enter the amount as a negative value. Round your answer to the nearest cent.

$ $63$

d$.$ What is the percentage loss on the funds they invested if the interest payment is included in the calculation? Use a minus sign to enter the amount as a negative value. Round your answer to two decimal places.

$(3)\%$

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