Question: plz you either solve both or don't slove it Be sure to write the formulas used and substitute values. Show your work in detailed. Answers

plz you either solve both or don't slove it

Be sure to write the formulas used and substitute values. Show your work in detailed. Answers are 100% correct

24. Suppose that Off-Star currently is selling at $60 per share. You buy 100 shares, borrowing the maximum amount of the purchase price from your broker. If the initial margin is 50% and the maintenance margin is 25%, how low can Off-Star's price fall before you get a margin call? Assume the price fall happens immediately.

25. Duller Image has issued a noncallable bond that matures in 15 years. The bond has a par value of $1,000 and sells for $1,075. The bond has a 7 percent annual coupon rate. The coupon payments are made annually. What is the bond's yield to maturity?

Answers

24. $40 25. 6.22%

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