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The price of Facebook stock is currently at $56.51 and you decide to buy 100...

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Finance

The price of Facebook stock is currently at $56.51 and you decide to buy 100 shares on margin. You borrow $1,500 from your broker and finance the remainder of the purchase with your own cash. I need help with #2 & #3

1.What is your margin (as a decimal value)? (56.51*100-1,500)/(56.51*100)=0.735

2.If the price rises to $60, and the interest you have to pay on the broker's loan is 4%, what is the net return (as a decimal value)?

3.If the broker's maintenance margin is 40%, what is the minimum value that Facebook stock price can take before you are issued a margin call?

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