chance to buy stocks on margin with IM=50%; MM =25%; Rate of Margin Loan is 8% per year, or 2% per quarter. Assuming the stocks pay no dividends. You feel that the price of the stock will increase and try to decide between three strategies: (1) Buying 100 shares (2) Buying 2,000 call options ( 20 contracts). (3) Buying 200 shares on Margin. At the expiration date of the options, assume the stock price turns out to be $105. The % return on the three strategies would be 17.02%;10.28% and 25.73% accordingly