Please answer all questions and show your work. Clearly, state your answer to each problem. Answers without explanation will not be given credit. 1. Suppose you want to buy 20,000 shares of Intel Corporation at a price of 15 per share. You put up 180,000 and borrow the rest. What does your account balance sheet look like? What is your margin. 2. You purchased 650 shares of stock at a price of 57 per share on 50 percent margin. If the maintenance margin is 30 percent, what is the critical stock price? 3. Taylor Industries stock is selling for $26 a share. You would like to purchase as many shares of this stock as you can. Your margin account currently has available cash of $3,600 and the initial margin requirement is 60 percent. What is the maximum number of shares you can buy