Question: Saved Help Save & Exit Subm 17. Check my work Problem 3-18 2 points Swipoed You are bullish on Telecom stock. The current market price

Saved Help Save & Exit Subm 17. Check my work Problem 3-18 2 points Swipoed You are bullish on Telecom stock. The current market price is $15 per share, and you have $3,000 of your own to invest. You borrow an additional $3.000 from your broker at an interest rate of 9.5% per year and invest $6,000 in the stock. a. What will be your rate of return if the price of Telecom stock goes up by 11% during the next year? ignore the expected dividend) (Round your answer to 2 decimal places.) Rate of return BON Print References b. How for does the price of Telecom stock have to fall for you to get a margin catif the maintenance margin is 30%7 Assume the price fall happens immediately (Round your answer to 2 decimal places.) Stock price falls below

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