Planning for the Future 1. In your opinion, how important is it to be realistic about your career goals?
When, if ever, is it all right to set career goals that may be difficult or very hard
to achieve?

2. "High school is a good time to get started on career goals."
"High school is a good time to explore options and just enjoy life."
Which of these points of view do you agree with? Take the opposite point of
view from your own, and give three reasons why that point of view is valid.

3. When you rely on other people too much, you could lose control of your life
plan. Name three ways in which you rely on other people to provide you with
opportunities or resources. For each answer, provide one way in which you can
minimize your reliance on other people to reach your career goals.

Suppose that xtel currently is selling at $40 per share. you buy 500 shares using $15,000 of your own money, borrowing the remainder of the purchase price from your broker. the rate on the margin loan is 8%. a. what is the percentage increase in the net worth of your brokerage account if the price of xtel immediately changes to (a) $44; (b) $40; (c) $36? (leave no cells blank - be certain to enter "0" wherever required. negative values should be indicated by a minus sign. round your answers to 2 decimal places.) b. if the maintenance margin is 25%, how low can xtel’s price fall before you get a margin call? (round your answer to 2 decimal places.) c. how would your answer to requirement 2 would change if you had financed the initial purchase with only $10,000 of your own money? (round your answer to 2 decimal places.) d. what is the rate of return on your margined position (assuming again that you invest $15,000 of your own money) if xtel is selling after one year at (a) $44; (b) $40; (c) $36? (negative values should be indicated by a minus sign. round your answers to 2 decimal places.) e. continue to assume that a year has passed. how low can xtel’s price fall before you get a margin call? (round your answer to 2 decimal places.)