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Percentage change in the price of xtel

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Suppose that Xtel currently is selling at $44 per shar.. you buy 350 shares using $12000 of your own money borrowing the remainder of the purchase price from your broker. The rate on the margin loan is 9%. A. What is the percentage increase in the next worth of your brokerage account if the price of Xtel immediately changes to 1. $46.20 2. $44 3. $41.80 ? What is the relationship between your percentage change in the price of Xtel?

Reference no: EM133233595

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