Question: Please show work. Thank you. The maintenance margin is 30%. Nancy purchases $30,000 worth of IBM stocks. She pays $18,000 cash and borrows $12,000 from

Please show work. Thank you.

Please show work. Thank you. The maintenance margin is 30%. Nancy purchases

The maintenance margin is 30%. Nancy purchases $30,000 worth of IBM stocks. She pays $18,000 cash and borrows $12,000 from her broker. The broker charges 10% annual interest rate on the call loan. (20 points) a) What is the margin on her account? b) One year later, the value of IBM stocks decrease to $20,000. Will Nancy receive a margin cal or not? c) What is the net rate of return on the investment

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