You purchased shares of Broussard Company using 50 percent margin; you invested a total of $20000 (buying 1000 shares at a price of $20 per share) by using $10000 of your own funds and borrowing $10000. Determine your percentage profit or loss under the following situations (ignore borrowing costs dividends and taxes). In addition what would the percentage profit and loss be in these scenarios if margin were not used?the stock price rises to $23 a sharethe stock price rises to $30 a sharethe stock price falls to $16 a sharethe stock price falls to $10 a share