Use these approximate closing prices to work these problems: INTC = 126, MCD = 32. 1. If you bought Intel (INTC) using cash at yesterday's closing price and the price increases to 150, what is your dollar gain? What is your percentage gain on your initial investment? 2. From the previous problem, what is your initial equity position if you bought 100 shares on margin with an initial margin requirement of 50%? What is your final equity position if the price immediately increases to 150? What is your percentage gain or loss? What is the relationship between change in stock price and change in equity when buying on margin? 3. Assuming maintenance margin requirements of 25%, will you get a margin call and how much will you have to deposit if the price drops to a) 80 b) 70 c) 60 ? 4. If Intel goes to 80 on this margined position, what is your percentage gain or loss? 5. You are bearish and decide to short sell 100 shares of McDonald's (MCD). The margin requirement is 50%. How much is your initial margin?