Question: please show the steps, try not use the hand writting. thank you. You are bullish on Telecom stock. The current market price is $50 per

 please show the steps, try not use the hand writting. thank

please show the steps, try not use the hand writting. thank you.

You are bullish on Telecom stock. The current market price is $50 per share, and you have $5,000 of your own to invest. You borrow an additional $5,000 from your broker at an interest rate of 8% per year and invest $10,000 in the stock. a. What will be your rate of return if the price of Telecom stock goes up by 10% during the next year ignore the expected dividend. Rate of return b. How far does the price of Telecom stock have to fall for you to get a margin call if the maintenance margin is 30%? Assume the price fall happens immediately. (Round your answer to 2 decimal places.) Stock price falls below S

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