Need help with third question, thanks! please ensure the quality since each try wastes the points. thanks!

Intro The stock price of Apple is $110. You have $10,000 to invest. The monthly interest rate charged by your broker is 0.6%, and interest expense is deducted from your account at the end of each month. Part 1 - Attempt 175 for 10 pts. You think the stock price will go up soon, and w to trade 118 shares. What should you do? Enter 118 for buying 118 shares (on margin if necessary), or -118 for selling or short-selling 118 shares. 118 Correct You should buy 118 shares to benefit from an increase in the stock price. Part 2 - Attempt 1/5 for 10 pts. If you buy 118 shares using your $10,000 and then borrow the rest of the required funds from your broker, what is your initial margin ratio (entered as a decimal number)? 0.770416 Correct The dollar margin equals the equity in the account: Assets = Number of shares - Stock price A = 118 110 = 12,980 You should buy 118 shares to benefit from an increase in the stock price. Part 2 | Attempt 1/5 for 10 pts. If you buy 118 shares using your $10,000 and then borrow the rest of the required funds from your broker, what is your initial margin ratio (entered as a decimal number)? 0.770416 Correct The dollar margin equals the equity in the account: Assets = Number of shares * Stock price A = 118 110 = 12,980 Liabilities = Loan Cost of shares - Own funds L = 12,980 - 10,000 = 2,980 Equity A-L Percentage margin Value of shares N.P 12,980 - 2,980 118.110 = 0.77 Part 3 Attempt 4/5 for 7 pts. Two months later, the stock price is $130. What is your percentage margin (entered as a decimal number)? 2+ decimale Previous answers: 0.49; 0.684 0.233616 Submit