A $10 million 10-day VAR figure with 95% confidence means

2. You purchase 100 shares of stock at S 100 ($10,000); the margin requirement is 40 percent. What are the dollar and percentage returns if a) You sell the stock for $112 and buy the stock for cash? b) You sell the stock for $90 and buy the stock on margin? c) You sell the stock for $60 and buy the stock on margin?